pay-as-you-go

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English

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Etymology

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From pay +‎ as you go (while one progresses).

Noun

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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. (British) 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.
    • 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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References

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