This is the 5485th most frequent Spanish word.
pagado
Paid.
Here, 'pagado' is the past participle of 'pagar', used in a present perfect tense to indicate something that has been completed in the past.
He pagado la factura del servicio de internet.
I have paid the internet service bill.
In this sentence, 'pagado' serves as an adjective to describe the state of the work as being compensated.
El trabajo ya está pagado, no te preocupes.
The work is already paid for, don't worry.
Here, 'pagado' is again a past participle, used in past perfect tense to indicate a completed action before another past action.