English▸ adjective [attributive] (of a member of an organization, especially a labor union) having paid the necessary dues in full.
▪ denoting the part of the subscribed capital of an undertaking that has actually been paid:
paid-up capital.
▪ denoting an endowment policy in which the policyholder has stopped paying premiums, resulting in the surrender value being used to purchase single-premium whole-life insurance.