English

pay-as-you-go

A financial policy by which capital projects are financed from current revenue in the operating budget rather than through borrowing.

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    Origin

    From pay + as you go (“while one progresses”).

    From Wiktionary, CC BY-SA 4.0.

    Lineage

    • partEnglishpay “To give money or other compensation to in exchange for goods or services.”
      • inheritedMiddle Englishpayen
        • derivedOld Frenchpaiier “pay”
      • derivedOld Frenchpeier
        • derivedLatinpico “to cover with pitch”
    • partEnglishas you go “While one is doing (something); as one progresses.”

    Sources