Expenseless

Ex`pense´less


a.1.Without cost or expense.
Webster's Revised Unabridged Dictionary, published 1913 by G. & C. Merriam Co.
References in periodicals archive ?
In the annotated edition of the PEICL (Basedow et al., 2009), it is pointed out that if an insurance premium has been prepaid, returning of the money takes place on the pro rata principle, since modern information technology enables virtual expenseless calculation on the principle of pro rata temporis (a), and due to lessening of the peril, an insurance premium is no longer necessary from the point of view of the insurer's solvency (b), the insurance risk is divisible on the basis of days/months/years in an economic sense (c), 'preservance' of an insurance premium is not justifiable as a 'contractual penalty' (d) and keeping such premium could be viewed as punishing of the policyholder, which is unjustifiable (e).