A financial policy by which capital projects are financed from current revenue in the operating budget rather than through borrowing
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
Pay-as-you-go is a system in which a person or organization pays for the costs of something when they occur rather than before or afterwards. Pensions are paid by the state on a pay-as-you-go basis. a pay-as-you-go mobile phone or Internet service is one that you must pay for before you can use it