paid-up adjective3 •Fully paid (for).A local Chrysler dealer had 68 paid-up back orders for cars. — 1964 •Of an insurance policy, still in force but with the policyholder no longer paying any premiums (typically resulting in a reduced sum assured). •(figurative) Full-fledged, wholehearted.Among Wall Street economists, Mr. Roach has not been a paid-up member of the alarmist camp. — 1991