Debt Retirement

Business, Legal & Accounting Glossary

Definition: Debt Retirement


Debt Retirement

Quick Summary of Debt Retirement


The paying off of a debt.




Full Definition of Debt Retirement


When a debt is fully repaid and all the requirements of the loan agreement have been met, the loan is said to be retired.

In the case of a business, the debt no longer appears on the firm’s financial statements. In the case of a mortgage, the mortgage service company issues a statement releasing the property from the mortgage lien. This statement is recorded with the county recorder of deeds.


Cite Term


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https://payrollheaven.com/define/debt-retirement/
Modern Language Association (MLA):
Debt Retirement. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
December 01, 2022 https://payrollheaven.com/define/debt-retirement/.
Chicago Manual of Style (CMS):
Debt Retirement. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/debt-retirement/ (accessed: December 01, 2022).
American Psychological Association (APA):
Debt Retirement. PayrollHeaven.com. Retrieved December 01, 2022
, from PayrollHeaven.com website: https://payrollheaven.com/define/debt-retirement/

Definition Sources


Definitions for Debt Retirement are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 29th November, 2021 | 0 Views.