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 ?
Around 200 retired employees of BDA have urged the chief minister and chief secretary finance to issue directives to the BDA chairman for paying them their pension on the first of every month.
11% retired); work a part time job (43% non-retired vs.
Graph 2 shows that retired workers performed better then retired non-workers in all the cognitive function tests with p<0.05 except for category fluency and backward counting tests where p> 0.05.
Byron "Leo" Hudkins, 52, a retired Foreign Service officer, died Jan.
Retired officers from the Turkish Retired Noncommissioned Officers Association (TEMAD) held a meeting in Ankara last weekend to draw attention to their problems, saying they have not yet managed to attract enough public support for their cause.
Earlier, retired individuals used to receive their pension from various offices after waiting for days for their turn to come.
The bench, whose CIC verdict has been questioned as overreach by the Centre, was a divided house with one of the judges on the bench disagreeing with the decision of the brother judge to direct better medical facilities to retired HC judges than retired class- I officers of the Central Civil Services.
"I didn't say 'If I was Amir I'd retire,' I said, 'If it was me, I'd retire.' I'm 35 years old, I'm three times world champion, if I'd have lost like that, I would have retired.
Retired matches in professional tennis are commonly closely related to injuries.
The California Board of Accountancy-sponsored retired status bill authorizes the CBA to establish a retired status for CPAs.
MUST READ: (http://www.ibtimes.com/articles/176869/20110708/yao-ming-retired-rumor-sina-sports.htm) Yao Ming Retired: Rumor, Says Agent Zhang Jiming
The retirement income gender gap is at its widest in the South West of England where retired women expect Au11,700 a year less than men.

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