Free and Clear

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Dictionary Says

Definition of '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. 
Investopedia Says

Investopedia explains 'Free and Clear'

The phrase is probably most commonly used in reference to one's mortgage. If your house is completely paid off, you own your house "free and clear."   

In the case of real estate, before a sale can occur, the property must be "free and clear" so the buyers know that there are no prior claims on it.

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'Free and Clear'

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  • How To Avoid Medical Debt

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    ... Details are clear on the website: It offers an 11.90% APR and promotional packages
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  • How An Insurance Company Determines Your Premiums

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    ... In other words, even if you carry no balances on your credit cards, own your home
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  • 7 Unusual Property Ownership Rules - Investopedia.com

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    ... Difficulty Obtaining a Clear Title In some countries, getting a free and clear title
    is not as simple as doing a title search and purchasing title insurance. ...

  • Cash Flow Indicator Ratios: Introduction | Investopedia

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    ... to other company metrics to determine how much cash they are generating from their
    sales, the amount of cash they are generating free and clear, and the amount ...

  • Cash Flow Indicator Ratios: Introduction | Investopedia

    http://www.investopedia.com/university/ratios/cash-flow-indicator/
    ... to other company metrics to determine how much cash they are generating from their
    sales, the amount of cash they are generating free and clear, and the amount ...

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