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pay-as-you-goes

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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
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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