Dictionary
paid up
verb
Past of pay up
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"paid up" is a correct and usable phrase in written English.
Generally, it is used to describe something which has been paid in full, i.e. there is no longer a debt or obligation owed. For example: "After months of saving, she was finally able to pay up on her car loan."
Exact(57)
The councils paid up.
She paid up, too.
Unilever paid up.
The companies paid up.
We've finally paid up.
They've paid up.
I paid up.
He paid up.
Everybody paid up.
Similar(2)
Few were paid-up union members.
(The NRA has more than 4m paid-up members).
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com