Pronunciation: ( —n.wil'kôl"; —adj.wil'kôl'),[key] —n. 1. an item of merchandise that is reserved for a customer, who takes possession of it when payments have been completed.
2. a department in a store where such merchandise is held.
3. See layaway plan.
—adj. of or pertaining to merchandise held in will-call or on the layaway plan.