PAYG
No contract billing
PAYG is an abbreviation for pay-as-you-go, a system where you pay for services as you use them rather than through a subscription or contract.
Common in mobile phone plans, utilities, and tax systems: I switched to a PAYG plan to control my spending.
In tax contexts, it refers to withholding income tax from wages throughout the year.
Settled in advance
- top-upAdding to restore fullness
- creditRecognition or payment deferral
- SIMPhone identity module
- mobileCapable of movement
recharge · balance · airtime · voucher · burner · minutes · data · carrier
Keeping from another
- installmentPeriodic partial payment
- remittanceFunds sent elsewhere
- employerOne who employs others
- wagesPayment for work
deduction · quarterly · compliance · lodgment · employee · income · obligation · reporting
Controlled measurement of quantity
- consumptionUsing up of resources
- billingCharging for services rendered
- usageAct of employing something
- electricityEnergy from charged particles
gas · tariff · reading · unit · rate · supplier · account · flexible
Reduction over time
- retirementLeaving the workforce permanently
- annuityPeriodic fixed payment
- superannuationRetirement savings scheme
- lump-sumEntire amount together
phased · flexible · minimum · withdrawal · tax-free · threshold · preservation · decumulation
prepaid
Settled in advance
mobile · recharge · balance · airtime · voucher · burner · minutes · data · carrier · plan
withholding
Keeping from another
- installmentPeriodic partial payment
- remittanceFunds sent elsewhere
- employerOne who employs others
wages · deduction · quarterly · compliance · lodgment · employee · income · obligation · reporting · threshold
metering
Controlled measurement of quantity
- consumptionUsing up of resources
- billingCharging for services rendered
- usageAct of employing something
electricity · gas · tariff · reading · unit · rate · supplier · account · flexible · seasonal
drawdown
Reduction over time
- retirementLeaving the workforce permanently
- annuityPeriodic fixed payment
- superannuationRetirement savings scheme
lump-sum · phased · flexible · minimum · withdrawal · tax-free · threshold · preservation · decumulation · allocated
subscription
Paid recurring access
- installmentPeriodic partial payment
- leaseTemporary use contract
- rentalPaid temporary use
flexible · scalable · cloud · SaaS · on-demand · metered · variable · pricing · tier · usage
PAYGsubscription
Paid recurring access
contract · monthly plan · postpaid · subscription model · bill pay
PAYGpostpaid
Paid before mailing
credit account · buy now pay later · deferred payment · on account · hire purchase
- pay attentionConcentrate on something
- paying attentionDirecting focus toward something
- pay offDischarge a debt
- pay forProvide money owed
- pay backReturn money owed
- paying offProducing desired results
pay, pays, paying, payer, payers, payee, payees, payment, payments