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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

A layaway plan isn’t debt, because the product isn’t purchased until the last payment is made.

From Seattle Times Oct. 8, 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

Kmart kicked off the season right after Labor Day with commercials promoting its holiday layaway plan, calling Christmas shopping in September “ridiculous” but also “ridiculously awesome.”

From Slate Sep. 23, 2015

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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