How Do You Spell FULLY PAID?

Pronunciation: [fˈʊli pˈe͡ɪd] (IPA)

The phrase "fully paid" is spelled /ˈfʊli peɪd/ in IPA phonetic transcription. The first syllable is pronounced with a short u sound, followed by a long e in the second syllable. The final syllable is pronounced with a d sound. The word "fully" means completely or entirely, and "paid" refers to a debt or obligation that has been settled. This phrase is often used in legal or financial documents to indicate that a payment has been made in full.

FULLY PAID Meaning and Definition

  1. Fully paid refers to a situation where a debt, obligation, or transaction has been completely settled, leaving no outstanding balance or liability. When an individual or entity has fulfilled their financial responsibilities in their entirety, they are said to have paid in full.

    In the context of loans or mortgages, fully paid signifies that the borrower has repaid the entire principal amount along with any interest or fees due on the loan. This implies that all contractual obligations have been met, and no further payments are necessary.

    Similarly, in the realm of investments, fully paid refers to the complete settlement of a security's purchase price. It suggests that the investor has paid the full value for the instrument and is the rightful owner. The concept is often employed in relation to stocks, where shareholders who have fully paid for their shares possess complete ownership rights without any outstanding dues.

    Furthermore, fully paid can also indicate full compensation for services rendered or goods received. It suggests that the recipient has been remunerated in its entirety, leaving no outstanding balance or obligation.

    Overall, the term fully paid conveys the notion of complete and satisfactory fulfillment of financial obligations, signaling that all debts, transactions, or responsibilities have been settled without any remaining dues.

Common Misspellings for FULLY PAID

  • dully paid
  • cully paid
  • vully paid
  • gully paid
  • tully paid
  • rully paid
  • fylly paid
  • fhlly paid
  • fjlly paid
  • filly paid
  • f8lly paid
  • f7lly paid
  • fukly paid
  • fuply paid
  • fuoly paid
  • fulky paid
  • fulpy paid
  • fuloy paid
  • fullt paid
  • fullg paid

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