The word pay is a tense verb. The three major components are pay (present), paid (past), and have paid (past participle). Although it is sometimes used as the past tense of paid, it is incorrect to use payed for paid. Having said that, there is a sense in which payed is correct. Payed is the past tense of pay, which means to use pitch as a seal to prevent leaks. The word paid serves as an adjective, indicating that it is marked by the receipt of payment or that it has been paid for.

Sreerag KJ

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