pay-as-you-go

Definitions

1. A financial policy by which capital projects are financed from current revenue in the operating budget rather than through borrowing.
   uncountable
2. 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.
   British, uncountable

Equivalents

Examples

“From January 2, passengers will be able to use⟳ contactless pay-as-you-go between London and Reading.”

CEFR level