paid up
The term "paid up" is used across various fields like finance, insurance, and memberships to indicate full payment of dues or premiums.
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Definition
B2General
Having fully paid the required amount for a service, membership, or subscription.
Example
- He is a paid-up member of the gym, so he enjoys all the benefits.
- She ensured her magazine subscription was paid up for the entire year.
C1Finance
(technical)Describing shares in a company where the full nominal value has been paid by the shareholder.
Example
- The company's paid-up capital increased after the new shares were issued.
- Investors were pleased to see the shares were fully paid up.
C1Insurance
(technical)Referring to an insurance policy that remains active even though the policyholder no longer pays premiums.
Example
- After years of payments, her life insurance policy is now paid up.
- A paid-up policy ensures continued coverage without further payments.
Similar
Terms that have similar or relatively close meanings to "paid up":