layaway

noun — 3 senses

layaway

noun

Etymology Deverbal from lay away. The truly solidified verb (as contrasted with the merely misspelled one) is back-formed from the noun but is nonstandard.

1

A pit in which hides are stored.

2

Canada, US The system of accepting a deposit and holding for a customer to complete a purchase.

  • A chain of local gun shops advertised, as a “Father's Day Sale,” the semiautomatic Intratec TEC-9, with extra ammo clip, case, and flash suppressor, reduced from $347.80 to $249.95 and available on layaway.1987, Joan Didion, Miami, Granta, published 2005, page 24:
3

Canada, US An item which has been held in this way.

Derived terms
Firestone layaway

Entry derived from the Wiktionary, under licence CC BY-SA 4.0 — list of authors.