Definition: The term "shillingless" is a phrase that refers to something being completely or almost entirely free of cost, particularly in relation to monetary transactions. In other words, it means that an item or service costs nothing but is still available for purchase at a lower price than if it were bought outright. For example: 1. A person might say that the book they just purchased was "shillingless" because it's almost completely free of cost and can be purchased at a significantly lower price.