pay as you go

pay as you go definition - business

pay as you go

  1. In taxation, withholding taxes from pay.
  2. Paying for goods and services as they are used. An example is long-distance telephone service for which the caller pays for the time used rather than paying a flat monthly fee that includes a specific number of minutes or unlimited calling.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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