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[peyd-uhp] /ˈpeɪdˈʌp/

paid in full, as of the present or of a specified date:
a paid-up membership.
having paid the due, full, or required fee to be a member of an organization, club, political party, etc
denoting a security in which all the instalments have been paid; fully paid: a paid-up share
denoting all the money that a company has received from its shareholders: the paid-up capital
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


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