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. (Britain) 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.
    • 2020 January 2, “First official Transport for London trains operate to Reading”, in Rail, page 10:
      From January 2, passengers will be able to use contactless pay-as-you-go between London and Reading.

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