Definitions

from The American Heritage® Dictionary of the English Language, 5th Edition.

  • adjective Of or relating to a system or practice of paying debts as they are incurred.

from Wiktionary, Creative Commons Attribution/Share-Alike License.

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

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