Excise takes part of its meaning from the prefix ex-, out. A writer may excise long passages of a novel to reduce it to a reasonable length, or a film director may excise a scene that might give offense. A surgeon may excise a large cancerous tumor, or make a tiny excision to examine an organ's tissue. Excise is also a noun
A payment system is any system used to settle financial transactions through the transfer of monetary value, and includes the institutions, instruments, people, rules, procedures, standards, and technologies that make such an exchange possible. payment system is any system used to settle financial transactions through the transfer of monetary value, and includes the institutions, instruments, people, rules, procedures, standards, and technologies that make such an exchange possible.
DEFINITION of 'Paid-Up'. The state of a settlement when all payment obligations for a security have been completed in a customer account.When an individual has paid up, he or she has paid for the security in full.REAKING DOWN 'Paid-Up'. For example, when an investor buys stock, he/she is given three days to pay (known as the three-day settlement period).