interest-free Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “interest-free” in the English Dictionary

"interest-free" in Business English

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interest-freeadjective

uk   us   FINANCE
used to describe a ​loan with no ​extrapayment in the ​form of ​interest: The ​cardoffers 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 ​periodexpires?

interest-freeadverb

uk   us   FINANCE
without having to ​payinterest on a ​loan: She ​lent them the ​money interest-free.
(Definition of interest-free from the Cambridge Business English Dictionary © Cambridge University Press)
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“interest-free” in Business English

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