retirement

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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 ?
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.
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.
But the Honest Man explained that as he was merely the agent of a company of other honest men it was none of his affair; and when the officers came to serve him with a subpoena he hid himself behind his back and wiled away the dragging hours of retirement and inaction by picking his own pockets.
I was told by the village doctor, about the only person with whom he held any relations, that during his retirement he had devoted himself to a single line of study, the result of which he had expounded in a book that did not commend itself to the approval of his professional brethren, who, indeed, considered him not entirely sane.
He surrounded the whole--being a man singularly jealous of any intrusion on his retirement, or of any chance observation of his ways and habits--with a high wall, which cost a large sum of money, and which was rightly considered a dismal and hideous object by the neighbors.
She had secured one half hour of retirement in her own room, designing to devote that interval to the writing of her confession, in the form of a letter addressed to Julian Gray.
I answered composedly all inquiries respecting my health; and whatever was unusual in my look or manner was generally attributed to the trifling indisposition that had occasioned my early retirement last night.
The first year of her widowhood was just at an end, and she had past it in a good deal of retirement, seeing only a few particular friends, and dividing her time between her devotions and novels, of which she was always extremely fond.
She lives in the strictest retirement at Versailles.