retire

To extinguish a security, as in paying off a debt. Bloomberg Financial Dictionary

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retire re‧tire [rɪˈtaɪə ǁ -ˈtaɪr] verb
1. [intransitive] HUMAN RESOURCES to stop work at the end of your working life:

• He wanted to retire at 50.

• The company plans to eliminate 1,000 jobs by offering workers money to quit or retire early (= before the usual age ) .

retire as

• The company's No. 3 executive abruptly retired as a general partner, citing personal reasons.

retire from

• He will retire from his post on the management board in April.

— retired adjective :

• a retired teacher

2. [transitive] HUMAN RESOURCES to dismiss someone who is near the end of their working life:

• I took over the office when Mr Hargreaves was retired due to ill health.

3. [transitive] FINANCE if a company retires bonds, shares etc, it buys them back from investors and takes them off the market; = RETRACT:

• The group has purchased and retired $5.1 million of its Series B shares.

4. [transitive] FINANCE to pay off a loan completely:

• The loan terms state that he may retire the debt at any time.

5. [intransitive] LAW if the jury in a court case retires, it goes to a separate room to decide its verdict (= whether someone is guilty or not)

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retire UK US /rɪˈtaɪər/ verb
[I] HR, WORKPLACE to leave your job or stop working, usually because of your age or ill health: »

She has no plans to retire.

retire from sth »

Jenkins retires from the firm this year.

retire as sth »

Elkin has retired as a director after 12 years on the board

retire at sth »

Can I get hold of the cash in my pension fund before I retire at 65?

»

James had to retire early after suffering three heart attacks in 2007.

See Note RESIGN(Cf. resign)
[T, often passive] HR, WORKPLACE, MANAGEMENT if an employer retires an employee, they make the employee leave their job, usually because they are near the age at which they would normally stop working, or because they are ill: »

He was retired early by his firm.

»

Companies typically retire workers at 60 and then hire about half of them back, often at 50-70% of their previous pay.

[T] FINANCE to pay back a debt or loan completely: »

The funds were used to retire debt and to finance expansion.

»

Even after the state reduced benefits to workers and raised taxes on employers, it took until 2010 to retire that loan.

[T] to take a machine or piece of equipment out of use because it is old and no longer useful: »

The European-made Concorde was retired from British and French service in 2005.

»

Among the other measures is a $35 rebate to retire older refrigerators for newer, more efficient ones.


Financial and business terms. 2012.

Synonyms:

Look at other dictionaries:

  • retiré — retiré, ée [ r(ə)tire ] adj. • XVIe; de retirer 1 ♦ (Personnes) Qui s est retiré. Retiré dans un lieu, quelque part. RETIRÉ DE. « le désir d être de plus en plus retiré du monde et dans un cloître d études et d oubli » (Sainte Beuve). ♢ Absolt… …   Encyclopédie Universelle

  • retiré — retiré, ée (re ti ré, rée) part. passé de retirer. 1°   Ramené en tirant. Un homme retiré vivant de dessous les décombres. 2°   Tiré en arrière, contracté. •   Ma peau est toute sèche et toute retirée, SACI Bible, Job, VII, 5. •   Les pattes… …   Dictionnaire de la Langue Française d'Émile Littré

  • retire — re·tire vb re·tired, re·tir·ing vi: to withdraw from an action the jury retired for deliberations vt: to withdraw from circulation or from the market retire a loan retire stock Merriam Webster’s Dictionary of Law …   Law dictionary

  • Retire — Re*tire , v. i. 1. To go back or return; to draw back or away; to keep aloof; to withdraw or retreat, as from observation; to go into privacy; as, to retire to his home; to retire from the world, or from notice. [1913 Webster] To Una back he cast …   The Collaborative International Dictionary of English

  • Retire — Re*tire , v. t. [imp. & p. p. {Retired}; p. pr. & vb. n. {Retiring}.] [F. retirer; pref. re re + tirer to draw. See {Tirade}.] 1. To withdraw; to take away; sometimes used reflexively. [1913 Webster] He . . . retired himself, his wife, and… …   The Collaborative International Dictionary of English

  • Retire — Re*tire , n. 1. The act of retiring, or the state of being retired; also, a place to which one retires. [Obs.] [1913 Webster] The battle and the retire of the English succors. Bacon. [1913 Webster] [Eve] discover d soon the place of her retire.… …   The Collaborative International Dictionary of English

  • retire — [ri tīr′] vi. retired, retiring [Fr retirer < re , back + tirer, to draw < VL * tirare] 1. to go away, retreat, or withdraw to a private, sheltered, or secluded place 2. to go to bed 3. to give ground, as in battle; retreat; withdraw 4. to… …   English World dictionary

  • retiré — Retiré, [retir]ée. part. passif. Il a les significations de son verbe. Il est aussi adj. & sign. Solitaire. C est un homme fort retiré. il mene une vie retirée. un lieu retiré, esteigné du bruit …   Dictionnaire de l'Académie française

  • retire — (v.) 1530s, of armies, to retreat, from M.Fr. retirer to withdraw (something), from re back (see RE (Cf. re )) + O.Fr. tirer to draw (see TIRADE (Cf. tirade)). Meaning to withdraw to some place for the sake of seclusion is recorded from 1530s;… …   Etymology dictionary

  • retire — withdraw, *go, leave, depart, quit Analogous words: *recede, retreat: recoil, *rebound, resile: *relinquish, yield, surrender, abandon …   New Dictionary of Synonyms

  • retire — [v] leave a place or responsibility absent oneself, decamp, deny oneself, depart, draw back, ebb, exit, fall back, get away, get off, give ground, give up work, give way, go, go away, go to bed, go to one’s room*, go to sleep, hand over, hit the… …   New thesaurus

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