Free and Clear
A reference to ownership of property that is free of all indebtedness. Property that never had a mortgage encumbering it, or in which the mortgage has been paid in full.
free and clear
unencumbered. In property law, title is free and clear if it is not encumbered by any lien or rest rictions. One conveys land free and clear if he transfers a good title or marketable title .
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FREE AND CLEAR - A description of title to property which is unencumbered and subject to no competing c...
FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA) - a federal form required to apply for federal student...
Free and Clear - A slang phrase describing the situation of someone when he or she gains outright ownership of an asset, such as when it is completely paid off and no creditor has a claim on the property.
Free and Clear Return: Free and clear return means the yield from property that is arrived at by dividing net income by the total purchase price. It is expressed as a percentage.
Free and Clear. In real estate the term is used to indicate that the investment analysis has ignored any debt on the property.
Free and clear of all liens.
Under Perform:
When a investment or portfolio is expected to appreciate at a slower rate than the overall market Because of the type or mix of securities held.
Property free and clear of all liens (creditors' secured claims).
Vanishing Premium ...
"Own your home free and clear in 3 to 4 months. Note paid in full."
How does this statement sound to you? Does it bring out a sentiment of grand larceny or does it peek your interest as a means to quickly and legally increase your personal net worth?
A title that is free and clear of objectionable liens, clouds, or other title defects. A title which enables an owner to sell his property freely to others and which others will accept without objection.
Personal Finance Headlines
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"All payments to be made under this Agreement shall be made in cleared funds, without any deduction or set-off and free and clear of and without deduction for or on account of any taxes, levies, imports, duties, charges, ...
Unencumbered
Property free and clear of all creditors' claims. Securities, for example, bought with cash instead of on margin are unencumbered.
See: Margin
Unfunded Pension Liabilities
A retirement fund in which money is owed to it by an employer.
Just title is also called "clear title," "good title," "perfect title," and "free and clear." A property with just title is considered marketable and saleable.
An Islamic financing structure, where an intermediary buys a property with free and clear title to it.
In such a sale, the business assets are delivered free and clear to the buyer. The buyer may also assume some of the business liabilities. Market Value of Invested Capital is what the buyer pays for the business.
MARKETABLE TITLE
Merchantable title; title free and clear of objectionable liens or encumbrances.
MATURITY
a) The termination period of a note
b) The date a note becomes due ...
Generally, a quitclaim deed transfers title to property without warranties that the title is free and clear.
Under FLSA, the phrase ''exclusive of board, lodging, or other facilities'' means ''free and clear'' or independent of any claimed credit for non-cash items of value that an employer may provide to an employee. (Section 541.606) ...
Marketable Title
A Title free and clear of reasonable objections and doubts. (also called Merchantable Title) ...
But even if a seller walks away from a deal free and clear, watching the demise of a firm that took years to build can be very disheartening.
Unencumbered term describes a property, free and clear of any liens.
Collateralized Loan - loan in which member owns collateral free and clear (i.e. car, boat, recreational vehicle).
He could have owned his home free and clear. Instead, there is some risk of losing his house, and there is risk of the mutual fund not performing well.
They may have a situation where their business needs some capital, so they need to pull some money out of their property that they may own, free and clear.
Capital: 1. Wealth in the form of cash or property that can be used to earn income. 2. The net worth of a business, which is the amount by which its assets are greater than its liabilities. 3. What you own free and clear.
Reverse mortgages are most beneficial to retirees who own their own home free and clear. In fact, applicants are required to be 62 years of age or older in order to take advantage of reverse mortgages.
The amount available is based on the number of borrowers and their ages and the adjusted property value. Anyone 62 years of age or older who either owns his or her own home free and clear or has very low mortgage debt is eligible.
free and clear A title that is free of liens and legal questions as to ownership of the property.... Free Application for Federal Student Aid Abbreviated as FAFSA, refers to a form required by the government for application...
 See also: Saving, Encumbrance, Banks, Expense, Personal finance
  
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