Paid
/peɪd/
Definitions
- (adj.) Executed, settled, or discharged by payment, especially of a legal obligation or debt.
The invoice was marked as paid after the bank transfer.
- (v.) Past tense and past participle of pay, meaning to give money in exchange for goods, services, or to satisfy a debt or obligation.
She paid the fine promptly to avoid further penalties.
Related terms
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Commentary
The term 'paid' is primarily used as the past tense or past participle of 'pay.' As an adjective, it denotes that a debt or financial obligation has been fulfilled by payment, a critical status in contractual and financial legal contexts.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.