English

Noun

pay-as-you-go ‎(uncountable)

1. (economics) A financial policy by which capital projects are financed from current revenue in the operating budget rather than through borrowing.
2. (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.
3. (Britain) a mobile phone on such a tariff

Synonyms

• PAYG
• (payment method): pre-pay

Antonyms

• (payment method): contract (mobile phones), season ticket (transport ticketing)
• (mobile phone): contract

Translations