retire


Also found in: Dictionary, Thesaurus, Medical, Legal, Idioms, Encyclopedia, Wikipedia.

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 ?
"However, she does say that the company repeatedly informed retirees in writing that, "once you reach this limit, you will start helping in the contribution for that coverage."
One hundred percent of federal retirees and roughly 50 percent of state and local retirees get them every year, automatically, while only about 1 percent of private retirees do.
Of the retirees, 143 (75%) are male and 47 (25%) are female.
Already, some companies are examining the benefits offered to retirees and many have been unpleasantly surprised at the magnitude of the costs involved and the difficulty of estimating them.
1 billion and 160 million rupees to 1750 retires employees.
Prior to 2009, the plurality of nonretired Americans planned to retire before age 65.
"A partner who retires should relinquish equity ownership and key decision making.
Consult a financial advisor to figure out how much you'll need to retire comfortably, especially since Social Security will only replace about 40% of your average earnings.
And even for the handful who have spent 20 years in combat-related specialties, the answer is to assign them lighter duty as they get older - not allowing them to retire while they're thirty-something.
In the draw it was decided that ECP member from Sindh Abdul Ghaffar Soomro and member from Balochistan retired Justice Shakeel Baloch would retire in January.
Among them is Air Marshal Farooq Habib, who is the senior most officer currently serving as Vice Chief of Air Staff and will retire on January 3, 2020.
A survey of over 22,000 investors from 30 countries has found that, across the globe, investors are not saving enough for retirement those yet to retire are saving 11.4% of their annual income when they feel they should be saving 13.7% and two thirds (66%) of retired investors wished they had saved more for retirement.