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interest-free

interest-free: listen to British English pronunciationinterest-free: listen to American pronunciation adjective FINANCE

Definition

used to describe a loan with no extra payment in the form of interest:
The card offers 59 days' interest-free credit.
You are in effect getting an interest-free loan on 30% of your mortgage.
What happens when the interest-free period expires?
(Definition of interest-free adjective from the Cambridge Business English Dictionary © Cambridge University Press)

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