The process of paying down a debt as it is incurred. With this type of payment method, an individual does not accumulate any long-term debt. Any monthly bill that does not accumulate can be considered as pay as you go.
Related information about pay as you go basis:
- Pay-as-you-go basis - Financial Dictionary - The Free Dictionary
 A method of paying income tax in which the employer deducts a portion of an   employee's monthly salary to remit to the IRS. Want to thank TFD for its existence  ?
 
- What is pay as you go basis? definition and meaning
 Definition of pay as you go basis: The process of paying down a debt as it is   incurred. With this type of payment method, an individual does not accumulate   any ...
 
- pay-as-you-go - Dictionary, translation, definition - Reverso
 Pensions are paid by the state on a pay-as-you-go basis. English Collins   Dictionary - English synonyms & Thesaurus. Collaborative Dictionary English   Cobuild ...
 
- Pay-As-You-Go Basis: Definition from Answers.com
 income tax payment option, whereby an employer deducts and remits to the   Internal Revenue Service a portion of an employees monthly salary.
 
- What does Pay-as-you-go basis mean
 Yahoo Small Business Dictionary defines and explains key small business   concepts, including Pay-as-you-go basis.
 
- The Madison Institute - Pay As You Go Social Security
 The plan described here is funded entirely on a pay-as-you-go basis, to take full   advantage of the inherent merits of this funding method. In fairness to future ...
 
- Global Data
 If you don't have a plan or package that includes a global allowance, your usage   will be charged on a pay as you go basis. We may send you text alerts when ...
 
- Social Security, by Carolyn L. Weaver: The Concise Encyclopedia of ...
 For most of its history Social Security has been financed on a pay-as-you-go   basis. With pay-as-you-go financing, benefits to retirees and other beneficiaries   are ...