[ri-tahyuh
r-muhnt] 
| 1. | the act of retiring or the state of being retired. |
| 2. | removal or withdrawal from service, office, or business. |
| 3. | the portion of a person's life during which a person is retired. |
| 4. | a pension or other income on which a retired person lives: His retirement is barely enough to pay the rent. |
| 5. | withdrawal into privacy or seclusion. |
| 6. | privacy or seclusion. |
| 7. | a private or secluded place. |
| 8. | Military. orderly withdrawal of a military force, according to plan, without pressure from the enemy. |
| 9. | withdrawal of securities from the market by a corporation, as through payment at maturity, repurchase, or exchange. |
| 10. | noting or pertaining to retirement: retirement pay. |
| re·tire·ment (rĭ-tīr'mənt) n.
|
retirement
The disposal of a fixed asset at the end of its useful life. Retirement may result in a gain or loss, depending upon any compensation received for the asset and whether the asset is carried at a positive book value.
The voiding of a firm's own stock that has been reacquired and is being held as Treasury stock.