Definition of layaways:
(n) :
(Canada, US) The system of accepting a deposit and holding for a customer to complete purchase.
(n) :
(Canada, US) An item which has been held in this way.
(n) :
(tanning) A pit in which hides are stored.
(v) :
(nonstandard) Alternative form of lay away. [(UK, transitive) To reserve (something) for the future.]
(v) :
Nonstandard spelling of lay away. [(UK, transitive) To reserve (something) for the future.]