pay-as-you-go

[pey-uhz-yoo-goh]
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, pertaining to, or based on such a principle or practice: a pay-as-you-go budget.

Origin:
1830–40, Americanism

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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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