interest-free ˌinterest-ˈfree adjective
if a loan is interest-free, the borrower does not pay interest on it:
• the World Bank's interest-free loan facility for poor countries
• interest-free credit
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Ⅰ.
interest-free UK US adjective FINANCE
► 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?
Ⅱ.
interest-free UK US adverb FINANCE
► without having to pay interest on a loan: »
She lent them the money interest-free.
Financial and business terms. 2012.