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Synonyms

layaway plan

American  

noun

  1. a method of purchasing by which the purchaser reserves an article with a down payment and claims it only after paying the full balance.


Etymology

Origin of layaway plan

First recorded in 1970–75


Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

See Examples For:

The festival, which was aptly announced on Valentine’s Day, didn’t tout much else beyond the lineup and the layaway plan with a $19.99 down payment.

From Los Angeles Times ● Feb. 14, 2024

The idea wasn’t exactly new—it’s not unlike paying for your TV with a layaway plan, if you remember those.

From Slate ● Nov. 29, 2022

It’s the modern layaway plan but instead of purchasing an appliance, clothes or jewelry over time, it’s fuel.

From Washington Post ● Mar. 23, 2022

The agreement came months after Jeff Moorad’s attempt to buy the team on a layaway plan fell apart.

From New York Times ● Aug. 7, 2012

We institute a layaway plan so people can buy more expensive items in installments.

From "Orphan Train" by Christina Baker Kline

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