Meaning & use

laybuy

noun, verb·AdvancedAustralianbusinessinformal

Last updated

UK/ˈleɪbaɪ/
US/ˈleɪbaɪ/

Meanings

  1. nouncountable or uncountableAustralianbusiness

    A way of buying something by paying small amounts regularly until the full price is paid, after which you receive the goods.

    Grammar: Countable when you mean one arrangement ('a laybuy'); uncountable when you mean the system in general ('buy it on laybuy').

    Patterns

    • buy something on laybuy
    • put something on laybuy
    • a laybuy plan

    The shop offers laybuy, so you can pay a little each week and collect the item when it is fully paid for.

    She put the washing machine on laybuy because she could not afford the whole price at once.

    Under the store's laybuy plan, you pay a deposit and then weekly amounts for twelve weeks.

  2. verbtransitiveAustralianbusinessinformal

    To buy something by paying in regular small amounts until the full price is paid.

    Grammar: Takes an object: laybuy a couch. It is most common in Australian and New Zealand English.

    Patterns

    • laybuy something
    • laybuy something for someone

    They decided to laybuy the new laptop rather than pay for it all at once.

    He laybought a bike for his son and paid it off over three months.

    Many customers laybuy Christmas presents in the middle of the year.

Word forms

plurallaybuys
third person singularlaybuys
past tenselaybought
past participlelaybought
-ing formlaybuying

Common combinations

on laybuy
I bought the sofa on laybuy and paid it off in ten weeks.
laybuy plan
The store's laybuy plan lets you spread the cost over several months.
offer laybuy
Only a few shops in the city still offer laybuy.
put something on laybuy
She put the ring on laybuy so she could give it to him at Christmas.
laybuy terms
Read the laybuy terms carefully, because some shops charge a fee if you miss a payment.

Synonyms and how they differ

layaway
The American and British term for the same arrangement; use layaway in the US, but laybuy in Australia and New Zealand.
installment plan
A more general term for paying in regular parts; it can also mean you take the goods home immediately, which is not true of laybuy.
hire purchase
Similar, but with hire purchase you usually get the item straight away and pay interest, while with laybuy you collect it only after the last payment.

Opposites

cash purchase

Word family

laybuyer noun
A person who buys goods on laybuy.

Commonly confused: laybuy or layby?

laybuy vs layby

A layby is a small area beside a road where drivers can stop; laybuy is about paying for goods in parts. The spellings are very close, so check the context.

Practice

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