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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.

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

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

Peloton has offered zero percent financing, a layaway plan where you pay for the bike in chunks each month on top of your subscription fee.

From Slate • Mar. 29, 2021

The agreement came months after Jeff Moorad's attempt to buy the team on a layaway plan collapsed.

From Seattle Times • Aug. 16, 2012

Each of her three children owns one pair of shoes, purchased on a layaway plan.

From "Enrique's Journey" by Sonia Nazario

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