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Guidelines on disclosure of encumbered and unencumbered assets

WebMeaning of unencumbered. What does unencumbered mean? Information and translations of unencumbered in the most comprehensive dictionary definitions resource on the web. WebEncumbered. Describing securities or assets that are subject to one or more liens. That is, encumbered securities belong to one person or entity but are subject to a claim by another. Encumbered securities or assets may not be sold until the lien or debt on them is satisfied. One of the most common encumbered assets is a house with a mortgage. WebThe term “unencumbered funds” refers to money not held in pledge as collateral and is not liable to any mortgage, lien, charge, encumbrance (equitable or otherwise), or any other creditor claims. In addition, unencumbered money refers to the budgeted funds for which neither a contract nor any expenditures have been made. checksmart lorain ohio