Pay-as-you-go
noun
noun ·Rare ·Advanced level
Definitions
Noun
- 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
"From January 2, passengers will be able to use contactless pay-as-you-go between London and Reading."
Synonyms
All synonymsExample
More examples"Every new employee has the chance to join a flexible pay-as-you-go pension plan."
Etymology
From pay + as you go (“while one progresses”).
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Data sourced from Wiktionary, WordNet, CMU, and other open linguistic databases. Updated March 2026.