"Layaway" refers to a purchasing option where you can reserve an item at a store by paying a deposit, and then pay the remaining amount in small installments over time. Once the full payment is made, you can take the item home. Full definition
They also engage in sleazy sales tactics like offering layaway plans that charge high interest rates until you've paid in full. (hardassetsalliance.com)
One reason is that some consumers are stretching out their holiday shopping so that they can budget their spending or take advantage of layaway programs. (cnbc.com)
Keita would be perfect but he's on layaway for Liverpool as of yesterday.. (7amkickoff.com)