What is Foolsaurus?

It's a glossary of investing terms edited and maintained by our analysts, writers and YOU, our Foolish community.

Retirement of debt

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

Expanded Definition

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.

Related Fool Articles

  • [link link title]

Related Terms

Recent Mentions on Fool.com