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Paid up
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Meaning
Verb
●
simple past
and
past participle
of
pay
up
Adj
●
Fully
paid
(for).
●
Full-fledged, wholehearted.
●
In Insurance:
Of an
insurance policy
, still
in force
but with the
policyholder
no longer
paying
any
premiums
(typically
resulting
in a
reduced
sum
assured).
Sourced from
Wiktionary
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