contractfree
Contractfree is a term used to describe products or services offered without long-term binding contracts. In contractfree arrangements, customers are typically not obligated to a minimum term and can cancel or switch providers with little or no penalty, paying only for the period of use or service.
The term is most commonly applied in consumer sectors such as telecommunications, where mobile phone plans
Pros of contractfree options include greater flexibility, easier comparison shopping, and the ability to switch providers
Marketing and consumer policy perspectives note that contractfree is largely a marketing descriptor; the exact terms
See also: no-contract, pay-as-you-go, month-to-month, subscription.