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

Investopedia Says:
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.

Related Terms:
Credit
Interest
Lien
Line of Credit
Margin
Mortgage
Open End Credit

• Compound Interest
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• Conditional Prepayment Rate (CPR)
• Conditional Probability
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• Condominium
• Condor Spread
• Condotel
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• Conforming Loan
• Conforming Loan Limit