English · Work & Business
subscription
/səbˈskrɪp.ʃən/
[/səbˈskrɪp.ʃən/]
recurring payment plan
Intermediatenoun
Definition
An arrangement to receive a product or service through regular recurring payments.
Example
The magazine shifted to a digital subscription model after print revenue declined sharply.
The magazine shifted to a digital subscription model after print revenue declined sharply.
Etymology
From Latin 'subscribere' (to write beneath); the recurring-payment sense is established.
How & Where It’s Used
Used in media, software, and consumer services.