Retire Legal Meaning and Definition

Here is a simplified definition of the legal term Retire.

Retire (verb)

To retire is to end involvement or ceasing operations in a particular role, job, or activity, often due to a specific state or event such as reaching a certain age, attaining a goal, or fulfilling specific conditions. For example, a teacher may retire from teaching after many years of service, a judge might retire from a case after giving the final verdict, or a financial obligation, like a loan, may retire when it is completely paid off.