LAYAWAY PLAN Definition & Meaning

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layaway plan

noun

a method of purchasing by which the purchaser reserves an article with a down payment and claims it only after paying the full balance.

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51�Թ� History and Origins

Origin of layaway plan¹

First recorded in 1970–75

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Example Sentences

Examples have not been reviewed.

The festival, which was aptly announced on Valentine’s Day, didn’t tout much else beyond the lineup and the layaway plan with a $19.99 down payment.

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On Friday, prosecutor Georgia Cappleman tried poking holes in his story, saying nobody put a gun to Adelman’s head when he gave Magbanua $138,000 in cash and arranged “some kind of layaway plan” for the rest of the payment.

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When Taqwanna Clark went to buy a video camera at Fry’s Electronics in Houston, she asked if they had a layaway plan.

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“You can buy a gun on a layaway plan,” Abu Sabir said.

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The idea wasn’t exactly new—it’s not unlike paying for your TV with a layaway plan, if you remember those.

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