Quick Definition

In finance, 'free' refers to any service, product, or transaction that does not require a monetary payment.

Examples

• 1Opening a free checking account that does not charge monthly fees.
• 2Receiving a free credit report annually from major credit bureaus.
• 3Using a free online tool to manage personal budgets and track expenses.
• 4Attending a free seminar on financial planning offered by a community center.

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