"Debt retirement" refers to the process of paying off or eliminating a debt that someone or an entity owes to another party. It means clearing the outstanding amount of money that is owed, effectively settling the debt. Full definition
This distinct college debt retirement plan helps teachers avoid costly monthly loan payments by dramatically reducing loan principals. (lendedu.com)
To add more «wood to the fire», I would recommend that the investor contribute an additional $ 500 from her income to accelerate debt retirement even faster. (investingarchitect.com)
The five - year program aimed to raise $ 75 million for convention causes, including debt retirement. (firstthings.com)