Dictionary
pay-as-you-go
Pronunciation: (pā'uz-yoo-gō'), [key]—
n.
the principle or practice of paying for goods and services at the time of purchase, rather than relying on credit.
—
adj.
of, pertaining to, or based on such a principle or practice:
a pay-as-you-go budget. Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.