Layaway is a word that is commonly used to refer to a method of purchasing goods where payments are made over time, with the product being reserved until all payments have been made. However, there are many other words that can be used to describe this process. Some other synonyms for layaway include "installment plan," "payment plan," "deferred payment," "installment agreement," and "delayed payment." Each of these terms refers to the process of making payments for a product over time, and each can be used in a slightly different context depending on the specific situation. Regardless of the wording used, the concept of paying for goods over time is one that has been around for centuries and is still widely used today.