from The American Heritage® Dictionary of the English Language, 4th Edition
- n. The system or practice of paying debts as they are incurred.
from Wiktionary, Creative Commons Attribution/Share-Alike License
- n. A financial policy by which capital projects are financed from current revenue in the operating budget rather than through borrowing.
- n. 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.
- n. a mobile phone on such a tariff
Sorry, no etymologies found.
This system, known as pay-as-you-go, can work provided that the costs are kept under control and that the population is relatively stable.
Other states held their trust funds purposely low as part of an approach called "pay-as-you-go."
So-called pay-as-you-go rules required lawmakers to find savings to pay for new spending or tax cuts.
Nevertheless, as taxpayers, they are required to top up the pay-as-you-go public sector pensions, a sum that by 2014/15 is predicted to reach £34bn.
Social Security is a pay-as-you-go system, with today's wage-earners paying the benefits of today's retirees.
In a previous survey on mobile phones, Which? said Asda Mobile and Tesco Mobile came top among pay-as-you-go providers, while the best contract and sim-only provider for customer service was Tesco, followed by O2.
For pay-as-you-go customers the cost of the handset is the deciding factor.
The pay-as-you-go crew can get $3 domestic drafts until halftime, $2 domestic drafts during the third quarter and start the celebrating early with $1 beers during the fourth quarter.
Virtualization is an enabling technology, but public cloud applications are attractive because of their flexibility and pay-as-you-go nature.
The important thing is to reduce the insurance element, which encourages a pay-as-you-go system, a kind of Madoff scheme ensnaring the whole country.