retired

English translation: wound-up or placed into liquidation

02:27 Apr 11, 2019
English language (monolingual) [Non-PRO]
Bus/Financial - Finance (general)
English term or phrase: retired
Context:

"Companies are often used for a short period of time before being retired".
Hoang Yen
Vietnam
Local time: 05:19
Selected answer:wound-up or placed into liquidation
Explanation:
Sounds like a company being set up for a specific puropose and then closed down (i.e. placed into voluntary liquidation) when its purpose has been fulfilled.

Selected response from:

AllegroTrans
United Kingdom
Local time: 22:19
Grading comment
Selected automatically based on peer agreement.
4 KudoZ points were awarded for this answer



SUMMARY OF ALL EXPLANATIONS PROVIDED
3 +2Stop using
Lincoln Hui
3 +2wound-up or placed into liquidation
AllegroTrans
4 -1removed
Andrea Pilenso
2retirement of a security or retirement of a debt
Ronald Cryer


Discussion entries: 1





  

Answers


8 mins   confidence: Answerer confidence 2/5Answerer confidence 2/5
retirement of a security or retirement of a debt


Explanation:
. The act or process of causing a security to cease to exist.

Example sentence(s):
  • Another context in which you might hear the term is the "retirement of debt," which means debt has been paid off.

    https://financial-dictionary.thefreedictionary.com/retire
    https://www.investopedia.com/terms/r/retirementofsecurities.asp
Ronald Cryer
Colombia
Local time: 17:19
Works in field
Native speaker of: English

Peer comments on this answer (and responses from the answerer)
agree  writeaway: explanation is clear, so are the refs
6 hrs

neutral  AllegroTrans: I see nothing about a security or a debt, only a company and anyway asker seems to need specific help with "retired"
7 hrs

neutral  Yvonne Gallagher: with AT
8 hrs

disagree  Daryo: Context = some kind of luxury? As far as I can see the ST is about "retiring" a company // listing all possible meanings is pointless - the point is to find the meaning in this text.
19 hrs
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1 hr   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +2
Stop using


Explanation:
Without context there is no way to tell for sure, but this looks like it could be talking about the use of shell companies. Whoever is using these shell companies for whatever purpose won't use them for very long because they would become traceable.

Lincoln Hui
Hong Kong
Local time: 06:19
Native speaker of: Native in ChineseChinese, Native in EnglishEnglish

Peer comments on this answer (and responses from the answerer)
agree  Daryo: that's the key point! Send the company (possibly a real/genuine one) to "retirement" IOW stop using it to conduct business - either by terminating it or by "sending it into hibernation" by turning it into a "dormant company".
18 hrs

agree  Zibow Retailleau
1 day 2 hrs
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6 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): -1
removed


Explanation:
retirement
Removal of an asset, equipment, property, or resource from service after its useful life, or following its sale.

http://www.businessdictionary.com/definition/retirement.html

Andrea Pilenso
Brazil
Local time: 19:19
Native speaker of: Portuguese

Peer comments on this answer (and responses from the answerer)
neutral  AllegroTrans: removed to where? where does one remove a company to?
52 mins

neutral  Yvonne Gallagher: really? removed to where?
1 hr

disagree  Daryo: Is there some special scrapyard for "retired companies"?
12 hrs
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7 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +2
wound-up or placed into liquidation


Explanation:
Sounds like a company being set up for a specific puropose and then closed down (i.e. placed into voluntary liquidation) when its purpose has been fulfilled.



AllegroTrans
United Kingdom
Local time: 22:19
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 24
Grading comment
Selected automatically based on peer agreement.

Peer comments on this answer (and responses from the answerer)
agree  Yvonne Gallagher
47 mins
  -> Thanks Yvonne

agree  Tina Vonhof (X)
5 hrs
  -> Thanks Tina

neutral  Daryo: not necessarily - you could also simply leave the company "dormant" ... as long the company is no longer "operational/trading" you could say it was "retired".
11 hrs
  -> Yes a second possibility
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