layaway

The English word “layaway” has 3 meanings listed here.

noun

A pit in which hides are stored.
The system of accepting a deposit and holding for a customer to complete a purchase.
An item which has been held in this way.

Deverbal from lay away. The truly solidified verb (as contrasted with the merely misspelled one) is back-formed from the noun but is nonstandard.

Keep exploring: in the interactive dictionary every word of a definition is a link. Open “layaway” there

The English dictionary on Glottosphere has 650,529 entries with a page. Browse the English dictionary.

Definitions are from Wiktionary, extracted by Kaikki.org, and are available under the CC BY-SA 4.0 licence.