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Definition of layaway noun from the Oxford Advanced Learner's Dictionary

layaway

noun
 
/ˈleɪəweɪ/
 
/ˈleɪəweɪ/
[uncountable] (North American English)
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  1. a system of buying goods in a store, where the customer pays a small amount of the price for an article and the store keeps the goods until the full price has been paid
    • I’ll put it on layaway.
See layaway in the Oxford Advanced American Dictionary
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