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Discover LudwigThe phrase "free of debt" is correct and commonly used in written English
It can be used to describe a person, organization, or entity that does not have any outstanding debts or financial obligations. Here are two examples of how you can use this phrase in a sentence: - "After years of hard work and saving, I am finally free of debt." - "The company's successful restructuring plan has left it free of debt and in a much stronger financial position." Note that in the first example, the phrase is used to describe a person, while in the second example it is used to describe an organization. This phrase can be used in a variety of contexts, but it is most often used when discussing financial matters.
Exact(60)
"Free of debt," Dr. Clay said.
Russian consumers emerged from Communism entirely free of debt.
Beyond Debt describes efforts to create a transnational economy free of debt.
2010-now: Free of debt, the company pays out huge dividends.
Now except for $5 he owed another girl in the office he was free of debt.
The Festspielhaus, though still in the red, is expected to be free of debt in 2004.
But despite being free of debt, it has been forced to appoint Deloitte as administrator.
He said the sale would make the team free of debt.
The government still enjoys a healthy budget surplus, and its ledger is virtually free of debt.
The company is free of debt, he said, and has $14 a share in cash.
The club was free of debt when it was taken over in 2005 in a leveraged buyout worth $1.4 billion.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com