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unencumbered

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Unencumbered
Property that is not subject to any creditor claims or liens.

Notes:
For example, if a house is owned free and clear (meaning the owner owes no mortgage to anyone), it is unencumbered. Also, if a person were to buy stocks with cash rather than on margin, it is unencumbered.

Unencumbered
Property that is not subject to any claims by creditors. For example, securities bought with cash instead of on margin and homes with mortgages paid off.
unencumbered
Of or relating to an owned asset that does not have a claim against it. Real estate not being used as collateral for a loan and on which all taxes are current is unencumbered. Compare encumbrance.
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