Top 10 Slang For Paid Off – Meaning & Usage

Have you ever wondered how to express the feeling of finally being debt-free or achieving a long-awaited financial goal? Look no further! We’ve put together a list of the coolest and trendiest slang terms to describe that satisfying moment when you’re all “paid off.” From simple phrases to quirky expressions, this list has got you covered. Get ready to level up your slang game and celebrate those financial wins in style!

Click above to generate some slangs

1. Settled up

When you “settled up” a debt, it means you have made the final payment and cleared the amount owed. This slang term is often used in informal conversations to indicate that a debt has been fully paid off.

  • For example, if you borrowed money from a friend and you pay them back, you can say, “I settled up with them yesterday.”
  • In a financial discussion, someone might mention, “I finally settled up all my credit card debts.”
  • A person might say, “I’m glad I settled up with the bank before the interest started piling up.”

2. Cleared the debt

When you “cleared the debt,” it means you have fully paid off the money you owed. This slang term emphasizes the act of clearing or eliminating the debt entirely.

  • For instance, if you make the final payment on a loan, you can say, “I finally cleared the debt.”
  • In a conversation about personal finances, someone might say, “I’m working hard to clear all my debts.”
  • A person might proudly announce, “I cleared the debt on my credit card and can now start saving.”

3. Square up

To “square up” means to settle the balance or pay off the amount owed. This slang term implies bringing everything to an even or square position by making the necessary payment.

  • For example, if you owe someone money and you pay them back, you can say, “I squared up with them.”
  • In a discussion about financial responsibility, someone might mention, “It’s important to square up with your creditors regularly.”
  • A person might say, “I need to square up with my landlord before the end of the month.”

When something is “paid in full,” it means the payment has been completed, and there is no remaining balance. This phrase is commonly used to indicate that a debt or bill has been fully settled.

  • For instance, if you receive a receipt that says “Paid in Full,” it means your payment has been successfully processed.
  • In a conversation about financial obligations, someone might mention, “I made sure to pay my rent in full this month.”
  • A person might say, “I’m happy to announce that my car loan is finally paid in full.”

5. Zeroed out

To “zero out” means to reduce the balance or amount owed to zero. This slang term implies bringing the debt or account balance down to nothing.

  • For example, if you pay off the remaining balance on your credit card, you can say, “I zeroed it out.”
  • In a discussion about financial goals, someone might mention, “I’m working hard to zero out all my debts.”
  • A person might proudly announce, “I zeroed out my student loan and can now focus on other financial priorities.”

6. Knocked out

When a debt or loan has been completely paid off. The term “knocked out” implies that the debt has been eliminated or defeated.

  • For example, “I finally knocked out my student loans after years of payments.”
  • A person discussing their financial achievements might say, “I knocked out all my credit card debt and feel so relieved.”
  • Someone might ask, “Have you knocked out your car loan yet?”

7. Liquidated

To liquidate a debt means to pay it off completely. The term is often used in the context of financial transactions or business dealings.

  • For instance, “The company liquidated its outstanding debts and is now debt-free.”
  • A person might say, “I’m working hard to liquidate all my debts and achieve financial freedom.”
  • A financial advisor might recommend, “Liquidating high-interest debts should be a priority to improve your financial situation.”

8. Satisfied the debt

To satisfy a debt means to fulfill or pay off the amount owed. It indicates that the debt has been fully repaid.

  • For example, “I satisfied my student loan debt after years of making payments.”
  • A person might say, “I’m determined to satisfy my credit card debt and become debt-free.”
  • Someone might ask, “Have you satisfied the debt on your mortgage yet?”

9. Closed the account

When a debt is paid off in full, the account associated with that debt is often closed. “Closing the account” signifies the completion of the payment process.

  • For instance, “I finally closed the account on my car loan after making the final payment.”
  • A person might say, “I’m excited to close the account on my credit card and be done with it.”
  • Someone might ask, “Have you closed the account on your student loans?”

10. Cashed out

To cash out means to convert an investment or asset into cash. In the context of paying off a debt, “cashed out” implies that the debt has been fully paid and no longer exists.

  • For example, “I cashed out my savings to pay off my credit card debt.”
  • A person might say, “I’m planning to cash out my investments to knock out my student loans.”
  • Someone might ask, “Have you cashed out your retirement fund to satisfy the debt?”
See also  Top 43 Slang For Deceive – Meaning & Usage