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Retirement
(redirected from stepping down)

    Also found in: Dictionary/thesaurus, Medical, Legal, Idioms, Encyclopedia, Wikipedia, Hutchinson 0.02 sec.
Retirement
Removal from circulation of stock or bonds that have been reacquired or redeemed.
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 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.


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