retire

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Retire

To extinguish a security, as in paying off a debt.

Retirement

1. The act or process of causing a security to cease to exist. It especially applies to debt securities; when a bond for example matures is said to be retired. However, a stock or other security may also be retired if its issuer buys it back.

2. A situation in which one stops working in one's old age, or at least when one has saved enough money to last the remainder of one's life. Generally, retirement occurs after the age of 65, but this is not a hard-and-fast rule. Both governments and companies offer pensions, annuities, and other plans to provide for one's financial needs in retirement.

retire (a debt)

To pay off a loan.
References in periodicals archive ?
Retirees depend on adequate health care, available housing and retail services--these and many other industries are positively affected by retiree spending.
how satisfied clients are with plan services) and how well it helps retirees to manage their health.
Naiintindihan naman natin na 'yung mga retiree natin matatanda na, matampuhin.
Across all four countries, pre-retirees and retirees reported similar levels of dependence on personal savings and tax-advantaged accounts, from 75% of Australian respondents, to 88% of Canadian pre-retirees and British retirees.
Twenty percent of pre-retirees and 30% of retirees said that if an emergency were to arise, they could spend up to $25,000 without jeopardizing their retirement security.
While the difference in employers' and retirees' opinions may be closing slightly, it's evident that employers can do a better job of educating employees about retiree medical costs and benefit options, as well as explaining more clearly the support retirees can expect with benefits after they've stopped working," Barkett says.
But despite the fall in retiree health coverage, many workers still believe they'll receive it, the new report from the non-partisan research group finds.
The legislative history shows that many in Congress were angered by a previous bankruptcy filing in which the company terminated of health and insurance benefits to a large number of retirees, as will be discussed below.
Called the Connector Model, this new strategy helps connect retirees to individual health coverage options based on their needs, and helps employers lower their costs and administrative challenges.
She contends that retirees are owed that because, since 1994, they have saved the city about $29 million in health insurance costs by being covered under Medicare.
The law does not, however, prevent school districts from taking cost-cutting measures, so long as these apply equally to active employees and retirees.
The issue has now been cleared up, and accountants are trying to figure how much is already owed to military retirees with disabilities.