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paid-up

[peyd-uhp] /ˈpeɪdˈʌp/
adjective
1.
paid in full, as of the present or of a specified date:
a paid-up membership.
Origin
1870-1875
1870-75
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples from the web for paid-up
  • The proto-scientists did not spring into being as paid-up believers in modern materialism and rationality.
  • As such, it does not build up any cash value or paid-up value.
  • The tax levied against domestic corporations is calculated based on the amount of paid-up capital stock of the corporation.
  • However, this limit does not include paid-up additional insurance which can be purchased with the annual dividends.
British Dictionary definitions for paid-up

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
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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7
8
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