retirement


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Related to retirement: Retirement age

Retirement

Removal from circulation of stock or bonds that have been reacquired or redeemed.

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.

retirement

1. The disposal of a fixed asset at the end of its useful life. Retirement may result in a gain or loss, depending upon any compensation received for the asset and whether the asset is carried at a positive book value.
2. The voiding of a firm's own stock that has been reacquired and is being held as Treasury stock.

retirement

the termination of an individual's working career at a certain age with the expectation that he or she will no longer undertake paid employment. In the UK the normal retirement age for men has been 65 and for women 60. European law has a big effect on retirement benefits in the UK. For some time it has been required that men and women have the same pension rights in occupational schemes despite differing retirement ages, thereby meaning that women's benefits are more favourable than men's. The European Court of Justice has now ruled that benefits should be the same. This could mean that the retirement age for women will become 65. Another recent innovation, stemming from the Court, is that part-time workers can no longer be excluded from occupational pension schemes. Until recently many occupational pension schemes excluded part-time workers but the Court has ruled that since many part-time employees are female, exclusion could be a form of DISCRIMINATION.
References in classic literature ?
Debienne and Poligny gave to celebrate their retirement.
But you must not suppose, because Marcela chose a life of such liberty and independence, and of so little or rather no retirement, that she has given any occasion, or even the semblance of one, for disparagement of her purity and modesty; on the contrary, such and so great is the vigilance with which she watches over her honour, that of all those that court and woo her not one has boasted, or can with truth boast, that she has given him any hope however small of obtaining his desire.
Besides, such a complete retirement seemed to imply a satisfactory amount of trust in their officers, and to be trusted displeases no seaman worthy of the name.
Sophia (who though naturally all winning sweetness could when occasions demanded it call forth the Dignity of her sex) instantly put on a most forbidding look, and darting an angry frown on the undaunted culprit, demanded in a haughty tone of voice "Wherefore her retirement was thus insolently broken in on?
DURING the dread reign of the Cholera in New York, I had accepted the invitation of a relative to spend a fortnight with him in the retirement of his cottage ornee on the banks of the Hudson.
Captain Harville had taken his present house for half a year; his taste, and his health, and his fortune, all directing him to a residence inexpensive, and by the sea; and the grandeur of the country, and the retirement of Lyme in the winter, appeared exactly adapted to Captain Benwick's state of mind.
My kind friends here are most affectionately urgent with me to prolong my stay, but their hospitable and cheerful dispositions lead them too much into society for my present situation and state of mind; and I impatiently look forward to the hour when I shall be admitted into Your delightful retirement.
They would grow old insensibly; they would see their son and daughter come to years of reason, marry in due course -- the one a pretty girl, future mother of healthy children; the other a handsome, manly fellow, obviously a soldier; and at last, prosperous in their dignified retirement, beloved by their descendants, after a happy, not unuseful life, in the fullness of their age they would sink into the grave.
Pfuel and his adherents demanded a retirement into the depths of the country in accordance with precise laws defined by a pseudo-theory of war, and they saw only barbarism, ignorance, or evil intention in every deviation from that theory.
I only wished they would have done, that we might hasten back to Horton Lodge: I longed to seek the retirement of my own room, or some sequestered nook in the grounds, that I might deliver myself up to my feelings--to weep my last farewell, and lament my false hopes and vain delusions.
Thinking the matter over in the retirement of his own office--and not forgetting his promise to Isabel to leave no means untried of establishing her innocence--Mr.
For a week more, the newly-married couple remained in London, in the strictest retirement.