early retirement

early retirement definition - business

early retirement

  1. Full repayment of a loan ahead of schedule.
  2. Leaving employment prior to the normal retirement age or the number of years of employment normally required. Early retirement generally results in reduced benefits and in some cases a tax penalty.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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