Layaway

Layaway is a purchasing method that allows consumers to reserve an item by paying a deposit to the retailer, with the remainder paid off over time before the item is delivered or picked up. This system enables customers to secure goods while making payments in installments, usually without interest.

Layaway meaning with examples

• After careful consideration, I decided to place the expensive laptop on layaway at the electronics store, making it easier to manage my budget without accumulating debt.
• During the holiday season, many families utilize layaway programs to ensure they can afford gifts for their loved ones without the pressure of immediate payment.
• She was thrilled to learn that her favorite clothing store offered layaway options, allowing her to save up while ensuring her outfits wouldn’t sell out before she could pay in full.
• The toy store announced a layaway program just in time for Christmas, enabling parents to set aside gifts without worrying about how to pay all at once.
• I opted for layaway for the furniture I wanted for my new apartment, as it provided me the flexibility to pay gradually while still securing the items I loved.