pay-as-you-go

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English[edit]

Noun[edit]

pay-as-you-go (uncountable)

  1. (economics) A financial policy by which capital projects are financed from current revenue in the operating budget rather than through borrowing.
  2. (UK) 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. (UK) a mobile phone on such a tariff

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