The phrase "laid away" is spelled as /leɪd/ and /əˈweɪ/. The word "laid" is pronounced with the long vowel sound /eɪ/ and represents the past tense of the verb "lay". The second part of the word, "away", is pronounced as /əˈweɪ/, with a schwa sound /ə/ and the "a" representing the long "a" sound /eɪ/. Together, the two parts make up the idiomatic expression "laid away", which means to store or put something in a designated place for future use.
"Laid away" is a phrasal verb that typically refers to the act of setting aside or storing an item or a sum of money for future use or safekeeping. This term is often used in the context of personal finances and retail.
In terms of personal finances, "laid away" can be specifically associated with an individual or a customer making scheduled payments towards a specific purchase. For instance, a customer may decide to lay away an expensive item such as a piece of jewelry or an electronic gadget by paying a portion of the total price at regular intervals until the full amount is cleared. During this period, the item is usually held or reserved by the seller until it is fully paid for.
"Laid away" can also refer to the act of saving or setting aside money for a particular purpose or goal. This could involve depositing funds into a separate account or dedicating a portion of one's income towards a designated financial objective, such as buying a house or saving for retirement. In this context, "laid away" signifies the intentional act of securing money for a specific use, rather than spending it immediately.
Overall, the term "laid away" encompasses the actions of reserving and setting aside either items or money in a deliberate manner, with the intention to utilize them later according to a predetermined plan or goal.