free and clear

free and clear
Of property, unencumbered by liens.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.

free and clear
Property ownership that is not subject to a secured debt, such as a mortgage or car loan. For example, if you have paid off the mortgage on your house and no creditor has filed a lien (claim) against it, you own your house free and clear.
Category: Bankruptcy, Foreclosure & Debt → Foreclosure
Category: Real Estate & Rental Property → Homeowners

Nolo’s Plain-English Law Dictionary. . 2009.

free and clear
   referring to the ownership of real property upon which there is no lien, encumbrance, recorded judgment or the right of anyone to make a claim against the property. The term is used in contracts for sale of real property and deeds, to state that the title has no claim against it.

Law dictionary. . 2013.

Look at other dictionaries:

  • free and clear — adverb (or adjective) : without liens or other legal claims after only a few months the property was free and clear they owned it and owned it free and clear * * * free and clear phrase without any limits or conditions Thesaurus: free and… …   Useful english dictionary

  • 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. The phrase is probably most commonly used in reference to… …   Investment dictionary

  • free and clear — The title to property is said to be free and clear when it is not incumbered by any liens; but it is said that an agreement to convey land free and clear is satisfied by a conveyance passing a good (i.e. marketable) title …   Black's law dictionary

  • free and clear — without debt or legal claims. He owns a home in Mexico free and clear. Usage notes: usually said about houses and property …   New idioms dictionary

  • free and clear — Synonyms and related words: above water, all clear, all straight, by one, clear, held, in fee, in fee simple, in hand, in seisin, in stock, in store, on hand, out of debt, own, owned, possessed, solvent, unindebted, unowing …   Moby Thesaurus

  • free and clear — not mortgaged, paid off, clear of any debt …   English contemporary dictionary

  • free and clear — without any limits or conditions …   English dictionary

  • Free and easy — Free Free (fr[=e]), a. [Compar. {Freer} ( [ e]r); superl. {Freest} ( [e^]st).] [OE. fre, freo, AS. fre[ o], fr[=i]; akin to D. vrij, OS. & OHG. fr[=i], G. frei, Icel. fr[=i], Sw. & Dan. fri, Goth. freis, and also to Skr. prija beloved, dear, fr.… …   The Collaborative International Dictionary of English

  • free and easy — Synonyms and related words: Bohemian, affable, afoot and lighthearted, airy, at large, at liberty, beat, blase, boon, breakaway, breezy, buoyant, carefree, careless, casual, clear, convivial, cordial, corky, cursory, debonair, degage, detached,… …   Moby Thesaurus

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