retirement

retirement definition - business

retirement

  1. The disposal of a fixed asset at the end of its useful life. Retirement may result in a gain or loss, depending on 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.
  3. Permanently leaving employment.

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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