no-contract phoneA cellphone or smartphone that is sold without a carrier agreement. No-contract smartphones are pricier than a contract phone, which is subsidized by the carrier because the agreement runs for some period, such as two years. After a trial period, which is often 30 days, the customer owns the phone, and penalties for canceling are based on months of usage. See carrier data plans.
Copyright © 1981-2019 by The Computer Language Company Inc. All Rights reserved. THIS DEFINITION IS FOR PERSONAL USE ONLY. All other reproduction is strictly prohibited without permission from the publisher.