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n. - A prenuptial agreement penned by a party to a marriage who has no possessions. A posturing event whereby one party attempts to show the other that s/he would leave them with nothing if they had anything.
On the heels of listening to his only Kanye record, Sean made Wendy sign a freenup. But he failed to recognize that food stamps--his only tangible possessions--are not transferable anyway.
Freenup by adisdas March 30, 2015
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freenippin' 

When women go without wearing a bra under their shirt and their nipples become obviously noticeable. IE freeballing for women.
Look at that freenippin' skank. Her tits are sagging like an old maid.
freenippin' by ed74cj5 December 1, 2009
Related Words
To let loose; to relax or chill out;mainly used in island talk
" Yo freeup yourself, no ones here you acting mad scared"
Freeup by lalalicious September 27, 2011

Frienuptual agreement 

Frienuptual agreement is when a set of friend s decide to part ways, both getting nothing from one another.
Steve and Charles are having a frienuptual agreement. They are not longer going to be friends, and neither one of them are getting anything out of it.