Unencumbered

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Related to Unencumber: unencumbered property

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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Unencumbered

Describing the title of a property where there are no competing claims, liens, or anything else that would hinder its transfer. That is, if a property has undisputed ownership, its owner is said to be unencumbered. An owner with unencumbered property may sell the property without any legal difficulties. Generally speaking, a real estate broker researches a property to ensure that there are no competing claims. See also: Quitclaim Deed, Clear Title, Title Search.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
31, 2017, pro forma for the notes offering, as well as an available pool of unencumbered assets, which suggest average recovery prospects for unsecured debtholders.
BXP holds a large, high-quality pool of unencumbered assets with well above-average financeability and saleability characteristics.
Following the restructure, unencumbered assets will represent approximately 58% of turnover relative to a rated peer median of 191% (based on most recently available information).
According to the company, the Revolving Credit Facility Amendment No 3 allows the company to add eligible unencumbered international assets to the borrowing base in support of its outstanding unsecured debt.
"The operational resilience and the ultimate recovery of the industrial REIT sector may simply depend on permanently moving 'back to basics,' which includes focusing on liquidity; adopting more conservative capital structures; maintaining high-quality, unencumbered portfolios; enhancing operational efficiency; and implementing cost-saving initiatives," Kibel said.
The enhanced platform allows funds to hold unencumbered assets that were typically held within their prime brokerage in a separate custody account held at BNY Mellon.
Younger people, often unencumbered by mortgages and families, have been seen as more sanguine about the economic crisis.
The lot sales are reported as follows (arrayed by sale price): Sale Lot Size Price per Easement Sale # Price (Acres) SF Status 1 $122,000 3.00 $0.93 Encumbered 2 $124,000 0.61 $4.67 Unencumbered 3 $129,500 1.40 $2.12 Encumbered 4 $135,000 2.63 $1.18 Encumbered 5 $140,000 0.77 $4.17 Unencumbered 6 $154,500 0.65 $5.46 Unencumbered 7 $165,000 0.50 $7.58 Unencumbered 8 $167,500 0.45 $8.55 Unencumbered 9 $167,500 0.47 $8.18 Unencumbered 10 $167,999 0.76 $5.07 Unencumbered 11 $180,000 0.55 $7.51 Unencumbered
I am certain that Plaid members of the Upper House will be able to attend regularly to scrutinise new legislation orders and framework clauses of Bills that will grant more primary law-making powers to the National Assembly and Welsh Ministers, unencumbered by a "dual mandate".
The fiscal 2007 deficit resulted from actual revenues coming in below estimates by about $1,148,000, an amount offset by unspent and unencumbered money from department accounts of about $1,088,000, the report said.