paid-up

Short definition from Wiktionary

Adjective

1. 1
   Fully paid (for).
2. 2
   Full-fledged, wholehearted.
3. 3
   Of an insurance policy, still in force but with the policyholder no longer paying any premiums (typically resulting in a reduced sum assured).
4. 4
   Alternative form of paid-up.

Verb

1. 1
   Alternative form of paid up.
2. 2
   simple past and past participle of pay up