A small hole that looks like a bb hole, that denotes a non-returnable record. If there is a record and cover involved it usually is through both. Sometimes the term CO or cutout is used for the same thing. Sometimes a punch hole was used to designate a promo. Capitol would sometimes use a half inch hole for this and then at another time used small holes that spelled out free, for this purpose of promo designation. In regards to the Capitol promo, the large hole and the small holes saying Free were through the cover only.