parking meter

A parking meter is a device installed in parking spaces that requires payment for a designated period of time. It ensures that parking is used fairly and helps manage limited space by encouraging turnover. Users typically insert coins, bills, or use electronic payments to buy time. The meter records the amount paid and, once the time expires, parking enforcement may issue a ticket if the vehicle remains parked. It helps cities generate revenue, maintain orderly parking, and balance supply and demand efficiently.