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Paid in Full is the debut album of American hip hop duo Eric B. & Rakim, released on July 7, 1987, by Island-subsidiary label 4th & B'way Records. The duo recorded the album at hip hop producer Marley Marl's home studio and Power Play Studios in New York City, following Rakim's response to Eric B.'s search for a rapper to complement his disc jockey work in 1985. The album peaked at number fifty-eight on the Billboard 200 chart and produced five singles, "Eric B. Is President", "I Ain't No Joke", "I Know You Got Soul", "Move the Crowd", and "Paid in Full".

Paid in Full is credited as a benchmark album of golden age hip hop. Rakim's rapping, which pioneered the use of internal rhymes in hip hop, set a higher standard of lyricism in the genre and served as a template for future rappers. The album's heavy sampling by Eric B. became influential in hip hop production. The record has sold over a million copies and the Recording Industry Association of America (RIAA) certified it platinum in 1995. In 2003, the album was ranked number 228 on Rolling Stone magazine's list of the 500 greatest albums of all time.

Eric B. and Rakim met in 1985 after Eric B. looked for a rapper to complement his turntable work at the New York City radio station WBLS. After Rakim responded to Eric B.'s search for "New York's top MC", Eric B's friend and roommate Marley Marl allowed him to use his home studio. The first track they recorded, "Eric B. Is President", was released as a single on the independent Zakia Records in 1986. After Def Jam Recordings founder Russell Simmons heard the single, the duo were signed to Island Records and began recording the album in Manhattan's Power Play Studios in early 1987. Rakim wrote his songs in approximately one hour while listening to the beat. He then recorded his vocals in the booth by reading his lyrics from a paper. In 2006, Rakim revealed, "When I hear my first album today I hear myself reading my rhymes but I'm my worst critic." The duo completed the album in one week. They have said that they worked in 48-hour shifts and recorded in single takes in order complete the album within budget. In a 2008 interview with AllHipHop, Eric B. stated, "[T]o sit here and say we put together this calculated album to be a great album would be a lie. We were just doing records that felt good."

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