This word is acceptable for play in the US & UK dictionaries that are being used in the following games:

• Lexulous
• Wordscraper
• Wordosaur

n. A payment plan in which a buyer reserves an article of merchandise by placing a deposit with the retailer until the balance is paid in full: bought a suit on layaway.

n. An article reserved under such a plan.

n. 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.

n. The system of accepting a deposit and holding for a customer to complete purchase.

v. To place items on hold with a deposit at a merchant's.

"And business experts who track trends on Google say the number of searches for the term layaway has recently gone way up."