paid-up

[peyd-uhp]

adjective

1. paid in full, as of the present or of a specified date.

   a paid-up membership.

paid-up

adjective

1. having paid the due, full, or required fee to be a member of an organization, club, political party, etc

2. denoting a security in which all the instalments have been paid; fully paid

   a paid-up share

3. denoting all the money that a company has received from its shareholders

   the paid-up capital

4. denoting an endowment assurance policy on which the payment of premiums has stopped and the surrender value has been used to purchase a new single-premium policy

Word History and Origins

Origin of paid-up¹

First recorded in 1870–75