What is pay-as-you-go?

What is pay-as-you-go? Here are some definitions.

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. (Britain) a mobile phone on such a tariff Find more words! 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Public pension systems in Europe are mostly based on the pay-as-you-go principle. I'm currently using a dumbphone with a pay-as-you-go carrier and would like to switch to a pay-as-you-go smartphone. This may involve an appropriate balance between funded and pay-as-you-go systems. As an example, they often use pay-as-you-go cellphones as a means of avoiding police wiretaps, changing them frequently. He described using burner pay-as-you-go phones, that were destroyed after a few months to ensure their use could not be traced. See Also What is another word for pay-as-you-go? What is the opposite of pay-as-you-go? Sentences with the word pay-as-you-go Words that rhyme with pay-as-you-go What is the plural of pay-as-you-go? Nearby Definitions pay as you earn payasam payaras payara payaos payao pay attention pay a visit payback pay back paybacks paybook