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Definition of lay-by noun from the Oxford Advanced Learner's Dictionary

lay-by

noun
 
/ˈleɪ baɪ/
 
/ˈleɪ baɪ/
(plural lay-bys)
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  1. [countable] (British English) an area at the side of a road where vehicles may stop for a short time
    • He pulled into the lay-by and got out to see what was wrong with the car.
    Topics Transport by car or lorryc2
    Oxford Collocations Dictionaryverb + lay-by
    • pull into
    preposition
    • in a/​the lay-by
    See full entry
  2. [uncountable, countable] (Australian English, New Zealand English, South African English) a system of paying some money for an article so that it is kept for you and you can pay the rest of the money later
    • on lay-by You could secure it on lay-by.
    • They take credit cards and lay-bys.

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