Unencumbered


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Related to Unencumbered: 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.

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.

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.
References in periodicals archive ?
It determines refinancing ability, and provides flexibility to pledge additional unencumbered shares to maintain the minimum pledge cover requirements and prevent breach of covenants in any specific transaction.
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).
Digital Realty Trust's borrowing base currently totals approximately USD2.9bn of unencumbered assets.
Despite large, unencumbered portfolios with good-quality assets and modest on-balance-sheet secured-debt levels, credit metrics for rated industrial REITs were weaker in the third quarter of 2009 than 2008 and previous years, and Moody's said it expected metrics to remain weak throughout this year as well.
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.
SBA Pre Qualified -- After required down payment of $100K in unencumbered funds, seller might help with down pmt.
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.
Woodruff the reader of history and lover of knowledge packed the mural with African, Greco-Roman, and northern European symbols and interlocking scenes of harmonious human interaction, unencumbered by cultural or geographic barriers.