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Word: layaway
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Meaning:
Noun:
- The system of accepting a deposit and holding for a customer to complete purchase.
- Things which have had a deposit placed on them and which the owner (generally a store) has agreed to hold for the customer and accept full payment at a later time.
Source: Wiktionary
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Verb:
- To place items on hold with a deposit at a merchant's.
Source: Wiktionary
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