pay-as-you-go
English
Noun
- (economics) A financial policy by which capital projects are financed from current revenue in the operating budget rather than through borrowing.
- (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.
Antonyms
- (payment method): contract (mobile phones), season ticket (transport ticketing)
- (mobile phone): contract
References
- pay-as-you-go at OneLook Dictionary Search
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