A financial policy by which capital projects are financed from current revenue in the operating budget rather than through borrowing.
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.
From January 2, passengers will be able to use contactless pay-as-you-go between London and Reading.
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Idioms & Phrases
Example Bank
2
01
From January 2, passengers will be able to use contactless pay-as-you-go between London and Reading.
Wiktionary
02
Every new employee has the chance to join a flexible pay-as-you-go pension plan.
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Usage Notes
i Register
In some senses, pay-as-you-go is marked as British. Watch for register when choosing this word.