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

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Debt Retirement. Payroll & Accounting Heaven Ltd.
December 01, 2022
Chicago Manual of Style (CMS):
Debt Retirement. Payroll & Accounting Heaven Ltd. (accessed: December 01, 2022).
American Psychological Association (APA):
Debt Retirement. Retrieved December 01, 2022
, from website:

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.