free and clear
The phrase "free and clear" is commonly used in legal and financial contexts to describe an asset or property that is fully owned without any debts or legal claims against it.
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Definition
C1Law
(technical)Owned outright without any legal claims or restrictions.
Example
- The court confirmed that the property was held free and clear.
B2Finance
(technical)Completely paid off, with no outstanding debts or liens.
Example
- After the final mortgage payment, the house was free and clear.
Similar
Terms that have similar or relatively close meanings to "free and clear":
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