unencumbered

unencumbered definition - finance
Used to describe an asset that doesnÂ’t have a corresponding debt. For example, a car whose loan has been paid off or an investment bought with cash, not a margin loan from the broker, is unencumbered.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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