Settled Accounts is a term used to describe the process of paying off debts and balancing accounts. The term can be broken down into three parts: PAID (4 letters), EVENED (6 letters), and Paidup (6 letters). PAID refers to the act of making a payment, EVENED indicates that the balance has been equalized, and Paidup implies that the debt has been fully PAID off. Together, these three words describe the process of settling accounts and paying off debts.