Definition of "payed"

payed¹

verb
1. Obsolete spelling of paid
  Quotations
  ...and the use and proffitt therof cominge shalbe payed to my saied Sister Jone...
  1616, William Shakespeare, Last will and testament
  It was but just in time, for, as the frigate flew round, describing a circle, as she payed off before the wind, they could perceive the breakers lashing the precipitous coast, not two cables' length from them.
  1836, Frederick Marryat, chapter 25, in Mr. Midshipman Easy
2. Misspelling of paid.

payed²

verb
1. (nautical) simple past and past participle of pay (to cover with a waterproof substance)