paid-up — ODE

paid-up /ˈpeɪdˌʌp

, peɪdˈʌp

▸ adjective [attributive]

1 (of a member of an organization) having paid all the necessary subscriptions in full:

a paid-up member of the club.

▪ firmly committed to an organization or cause:

a fully paid-up Green.

2 denoting the part of the subscribed capital of an undertaking which 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 a single-premium whole-life assurance.