Definitions from Wiktionary (lay-by)

▸ noun:  (UK, Philippines) A paved area at the side of a highway designated for drivers to stop in, for emergency parking, or where vehicles can wait, with larger lay-bys possibly having facilities like food vendors or public telephones.
▸ noun:  (UK) A railroad siding; a second, short railroad track just to the side of a railroad track, connected with the main track by a switch and used for unloading, bypassing, etc.
▸ noun:  (nautical) A widened section of a narrow river or canal, formed to one side so as to leave the channel free, for mooring of vessels, where vessels can lay over or allow others to pass.
▸ noun:  (Australia, New Zealand, South Africa) A method of retail purchase in which the selected goods are set aside and the customer pays for them in instalments, receiving them when fully paid; layaway.
▸ Also see lay-by


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