retire debt

[aaron792]

In corporation's financing cycle, what is "retire debt"?

Does it mean "retire bad debt"?
Thanks in advance!

 

[Copyright]

Could we have the sentence, please?

 

[aaron792]

There's no sentence. It's a phrase listed in a table as:
Transaction cycle / Major activities in the cycle
Financing / retire debt

 

[estreets]

May it mean something like 'to retire debts' or 'retired debt'?

 

[Packard]

It's in several dictionaries on-line. It means to pay off the principal on a loan.

Google: "retire debt, definition"

 

[aaron792]

I understand it now. Thanks!