paid-up
Definition
- Adjective:
- Having paid the full amount due: Describes a person or entity that has completed all required payments, often for membership, shares, or insurance.
- Formally enrolled or valid due to payment: Indicates that a status (like membership) is active and in good standing because the necessary fees have been paid.
Usage Examples
- Adjective:
- She is a paid-up member of the club and can vote in the election.
- The policy is paid-up, so no further premiums are required.
- Only paid-up shareholders are entitled to receive the dividend.
Advanced Usage
- "paid-up capital": In finance, this refers to the amount of money a company has received from shareholders in exchange for shares.
- The company increased its paid-up capital to fund the new project.
Variants and Related Words
- Pay up (phrasal verb): To pay money that is owed, especially when pressured to do so.
- He finally paid up his dues after several reminders.
Synonyms
- Subscribed: Having formally agreed to contribute or pay for something.
- Fully paid: Having settled all financial obligations.
Related Phrases
- In good standing: A status indicating all fees or dues are current, often used interchangeably with 'paid-up' in organizational contexts.
- Members must be paid-up to remain in good standing.
Adjective
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paid in advance
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paid-up insurance
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paid-up members
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