Pronunciation: [dˈɛtfɹiː] (IPA) 
The word "debtfree" consists of two syllables, /dɛt/ and /friː/. The first syllable is spelled with the letters "d", "e", and "t" which represent the sounds /d/, /ɛ/, and /t/ respectively. The second syllable is spelled with the letters "f", "r", "e", and "e" which represent the sounds /f/, /r/, /iː/, and /iː/ respectively. The word "debtfree" means having no debt or owing no money. It is commonly used in financial contexts.
Debtfree is an adjective that describes a financial state in which an individual, business, or entity has successfully paid off or eliminated all of their outstanding debts. It refers to a condition where no further payments or obligations are owed to creditors or lenders.
Being debtfree implies that all financial obligations, such as loans, credit card balances, or any other form of debt, have been fully settled, resulting in a clean slate for the individual or entity. This state is reached by making consistent and timely payments according to debt repayment plans, budgets, or other financial strategies.
Achieving debtfree status is often considered a significant accomplishment as it signals financial freedom and stability. It allows individuals or businesses to redirect their income towards other financial goals, such as saving, investing, or enjoying a higher quality of life without the burden of debt.
Debtfree can also refer to a person who has never incurred any significant levels of debt and has managed their finances in a way that avoids borrowing altogether. In this context, debtfree denotes someone who prefers to live within their means, relying on cash or savings rather than relying on loans or credit to finance their needs or desires.
Overall, debtfree is a term that describes the condition of being completely free from debt, whether it was obtained and paid back or never incurred in the first place.
The word "debtfree" is formed by combining two separate words: "debt" and "free".
The term "debt" traces its roots back to the Old French word "dete", which meant "indebtedness" or "obligation". This Old French word was derived from the Latin word "debitum", which meant "something owed" or "obligation".
The word "free" comes from the Old English word "freo", which meant "exempt from" or "not in bondage". This Old English word ultimately stems from the Proto-Germanic word "*frija-", which meant "beloved" or "friend".
By combining these two words, "debt" and "free", the word "debtfree" was created to express the state or condition of being free from debt or no longer owing money.
