Usually means: Fully paid; no remaining balance.
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We found 23 dictionaries that define the word paid up:

General (15 matching dictionaries)
  1. paid up: Merriam-Webster.com
  2. paid-up: Oxford Learner's Dictionaries
  3. paid-up, paid-up: Collins English Dictionary
  4. paid-up: Vocabulary.com
  5. paid-up: Wordnik
  6. paid-up, paid up: Cambridge Advanced Learner's Dictionary
  7. paid-up, paid up: Wiktionary
  8. paid-up: Infoplease Dictionary
  9. paid-up, paid up: Dictionary.com
  10. paid-up: Rhymezone
  11. paid-up: Free Dictionary
  12. paid-up: Mnemonic Dictionary
  13. Paid up, paid-up: Dictionary/thesaurus

Business (7 matching dictionaries)
  1. MoneyGlossary.com (No longer online)
  2. INVESTORWORDS (No longer online)
  3. Glossary of Legal Terms (No longer online)
  4. Paid-Up: Investopedia
  5. Paid up: Legal dictionary
  6. Paid Up: Financial dictionary
  7. BusinessDictionary.com (No longer online)

Miscellaneous (1 matching dictionary)
  1. Paid up: Idioms

Definitions from Wiktionary (paid up)

adjective:  (often hyphenated) Fully paid (for).
adjective:  (idiomatic, often hyphenated, sometimes preceded by fully) Full-fledged, wholehearted.
adjective:  (often hyphenated, insurance) Of an insurance policy, still in force but with the policyholder no longer paying any premiums (typically resulting in a reduced sum assured).

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