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lay·a·way

layaway

 
pronunciation:
leI weI
part of speech: noun
definition 1: a system of payment in which a deposit is made to reserve desired goods, the goods are then paid for over time in installments, and the goods are received by the customer when they are paid for in full.
If you don't have the money for the coat now, you can buy it on layaway.
definition 2: goods reserved under this plan.