pay-as-you-go
Meaning
- (uncountable) A financial policy by which capital projects are financed from current revenue in the operating budget rather than through borrowing.
- (British, uncountable) A payment method where the charge of a service is taken automatically, usually in small amounts, after the usage, in contrast of paying before usage. Used especially of mobile phones and transport ticketing.
Etymology
From pay + as you go (“while one progresses”).
Notes
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