the principle or practice of paying for goods and services at the time of purchase, rather than relying on credit.
of, pertaining to, or based on such a principle or practice: a pay-as-you-go budget.

1830–40, Americanism Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Example sentences
Necessarily, a pay-as-you-go policy would limit access to longevity treatments.
These intermediate step can be achieved in a pay-as-you-go way.
Several other companies, including major telecoms, are trying variants on this
  pay-as-you-go approach.
Buy a local pay-as-you-go phone when traveling to use for local calls.
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