free and clear
Definition from Nolo’s Plain-English Law Dictionary
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.
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:16 pm
