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pay-as-you-go

[pey-uh z-yoo-goh] /ˈpeɪ əz yʊˈgoʊ/
noun
1.
the principle or practice of paying for goods and services at the time of purchase, rather than relying on credit.
adjective
2.
of, relating to, or based on such a principle or practice:
a pay-as-you-go budget.
Origin of pay-as-you-go
1830-1840
1830-40, Americanism
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2015.
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