pay-as-you-go

  1. Noun.  (economics) A financial policy by which capital projects are financed from current revenue in the operating budget rather than through borrowing.
  2. Noun.  (British) a payment method where credit is purchased in advance, used in small amounts and topped up when required. Used especially of mobile phones and transport ticketing.
  3. Noun.  (British) a mobile phone on such a tariff.

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This entry was last updated on RefTopia from its source on 3/20/2012.