layaway

noun

1. (countable, uncountable)A pit in which hides are stored.
2. (Canada, US, countable, uncountable)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.”

3. (Canada, US, countable, uncountable)An item which has been held in this way.

verb

1. (alt-of, alternative, nonstandard)Alternative form of lay away.
2. (alt-of, nonstandard)Nonstandard form of lay away.