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Definition of Pay-as-you-go
1. Noun. (economics) A financial policy by which capital projects are financed from current revenue in the operating budget rather than through borrowing. ¹
2. Noun. (British) 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. ¹
3. Noun. (British) a mobile phone on such a tariff ¹
¹ Source: wiktionary.com
Lexicographical Neighbors of Pay-as-you-go
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