Dictionary of Banking Terms: unencumbered
unencumbered
free of creditor's liens; property with a clean title, which may be sold or conveyed to another party, and is so noted on the title certificate.
Dictionary of Finance and Investment Terms: unencumbered
unencumbered
property free and clear of all liens (creditors' claims). When a homeowner pays off his mortgage, for example, the house becomes unencumbered property. Securities bought with cash instead of on margin are unencumbered.
