Paid Meaning: Definition, Examples, and Translations
๐ต
paid
[peษชd ]
Definition
financial transaction
The term 'paid' is the past tense of the verb 'pay,' which means to exchange money for goods or services. It indicates that a monetary transaction has been completed. It can refer to settling debts or fulfilling obligations, such as paying bills or compensating someone for their work. In many contexts, being paid signifies the completion of a financial agreement.
Synonyms
compensated, remunerated, settled.
Examples of usage
- She paid the waiter after finishing her meal.
- He was paid a fair wage for his labor.
- They paid their utility bills on time.
- The company paid bonuses to its employees.
Translations
To see the translation, please select a language from the options available.
Interesting Facts
Economics
- In the context of economics, being 'paid' influences consumer behavior, affecting spending habits and choices.
- The concept of being 'paid' is crucial in labor discussions, including wages and fair compensation for work.
Pop Culture
- 'Paid' often appears in songs and movies, symbolizing success and financial freedom, like in Kanye Westโs 'All Falls Down'.
- The phrase 'you get what you pay for' is frequently used to express that higher prices often lead to better quality.
Psychology
- Research shows that being paid fairly can significantly affect job satisfaction and overall happiness.
- Chasing higher salaries is often tied to self-worth and social comparison, driving people to seek better-paying jobs.
Technology
- With the rise of the gig economy, people can now get paid for tasks on platforms like Uber and Upwork.
- Digital payment systems, like PayPal and Venmo, have made the process of getting paid much faster and more convenient.
Origin of 'paid'
Main points about word origin
- The word 'paid' comes from the Old French 'paier', which means to pay or to satisfy.
- It is a past tense of the verb 'pay', which has been in use since the early 14th century in English.
The word 'paid' originates from the Old English term 'pรฆgan,' which means 'to pay' or 'to repay.' This roots back further to the Proto-Germanic '*pagลnฤ ,' which carries a similar meaning. Throughout history, the concept of paying has been integral to trade and commerce, evolving alongside currency systems. The transition from bartering to using common forms of money influenced the development of various forms of payment methods, eventually giving rise to modern transactions that include electronic and digital payments. The usage of 'paid' as a term has expanded beyond financial contexts to imply completing obligations or meeting responsibilities.