Share this entry

Share this page

paid-up

Syllabification: paid-up

Definition of paid-up in English:

adjective

[attributive]
1(Of a member of an organization, especially a labor union) having paid the necessary dues in full.
Example sentences
  • But as a full paid-up member of the goalkeepers' union, he has plenty of sympathy for his friend and rival.
  • There is a free draw for refund of subscription for fully paid-up members in the near future, so prompt payment is advised.
  • To have a realistic chance of election the hopefuls have to be a paid-up member of a political party - so that eliminates around 80 per cent.
1.1Denoting the part of the subscribed capital of an undertaking that has actually been paid: paid-up capital
More example sentences
  • During the same period, although almost half went out of business, those that did survive reported a six-fold increase in paid-up capital while deposits and loans grew by eight-fold.
  • Yet paid-up capital should be written down in the same manner as capital financed by debt, since it was also subject to losses if it had been put in place when interest rates were higher.
  • The government instead is reducing the corporate tax only for small and midsize industries with paid-up capital of 2.5 million ringgit and less.
1.2Denoting 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.
Example sentences
  • Naturally, the value of a paid-up policy is considerably higher than its surrender value.
  • A policy becomes paid-up when there were enough premiums paid into it so that the failure to pay future premiums did not result in the policy lapsing or going off the books.

Definition of paid-up in:

Share this entry

Share this page

 

What do you find interesting about this word or phrase?

Get more from Oxford Dictionaries

Subscribe to remove ads and access premium resources

Word of the day peart
Pronunciation: pərt
adjective
lively; cheerful