Quick Definition

In finance, 'free' refers to services or products provided without any direct cost to the consumer, often used as a marketing strategy to attract customers or promote other paid services.

Examples

• 1A bank offering free checking accounts with no monthly maintenance fees.
• 2A credit card company providing a free credit score monitoring service to its cardholders.
• 3An investment platform offering free trades to attract new investors.
• 4A tax software that allows free filing for simple tax returns.

Tags