Pay-as-you-go - definition, pronunciation, transcription

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Amer.  |ˈpeɪəzjʊˈɡəʊ|  American pronunciation of the word pay-as-you-go
Brit.  |ˌpeɪəzjəˈɡəʊ|  British pronunciation of the word pay-as-you-go

noun

- (economics) A financial policy by which capital projects are financed from current revenue in the operating budget rather than through borrowing.
- (UK) 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.
- (UK) a mobile phone on such a tariff
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