retirement of securities

retirement of securities
The calling and redemption of a bond by payment. The voluntary payment of a bond. A repurchase of its own stock by a corporation and the cancellation of the repurchased shares, destroying all rights adhering to them. 18 Am J2d Corp § 282. The elimination of shares of stock in a building and loan association by paying off the shareholder. 13 Am J2d B & L Assoc § 27. Under section 117(f) of the Revenue Act of 1934 dealing with the retirement of securities, the word is not used in an artificial sense. In common understanding and according to the dictionaries, the word "retirement" is broader in scope than the word "redemption." McClain v Commissioner, 311 US 527, 85 L Ed 319, 61 S Ct 373. See redeemable bond.

Ballentine's law dictionary. . 1998.

Игры ⚽ Поможем написать курсовую

Look at other dictionaries:

  • Retirement of Securities — 1. The cancellation of stocks or bonds because the issuer has bought them back. 2. The removal of an asset from securities markets because its maturity date has been reached. Another context in which you might hear the term is the retirement of… …   Investment dictionary

  • retirement of securities — Cancellation of reacquired or redeemed stocks or bonds. See also redemption stock (stock redemption) …   Black's law dictionary

  • retirement of bond — See retirement of securities …   Ballentine's law dictionary

  • retirement of stock — See retirement of securities …   Ballentine's law dictionary

  • Retirement plans in the United States — A retirement plan is an arrangement to provide people with an income, possibly a pension, during retirement, when they are no longer earning a steady income from employment, or an asset from which a person may draw an income from as needed. There …   Wikipedia

  • Retirement — For other uses, see Retirement (disambiguation). Finance Financial markets …   Wikipedia

  • Retirement plan — A retirement plan is an arrangement to provide people with an income, or pension, during retirement, when they are no longer earning a steady income from employment. Retirement plans may be set up by employers, insurance companies, the government …   Wikipedia

  • Securities Industry and Financial Markets Association — The Securities Industry and Financial Markets Association (SIFMA) is an industry trade group representing securities firms, banks, and asset management companies in the U.S., Europe, and Asia. SIFMA was formed on November 1, 2006, from the merger …   Wikipedia

  • retirement — /ri tuyeur meuhnt/, n. 1. the act of retiring or the state of being retired. 2. removal or withdrawal from service, office, or business. 3. the portion of a person s life during which a person is retired. 4. a pension or other income on which a… …   Universalium

  • retirement — /rəˈtaɪəmənt/ (say ruh tuyuhmuhnt) noun 1. the act of retiring. 2. the state of being retired. 3. removal or retiring from service, office, or business. 4. withdrawal into privacy or seclusion. 5. privacy or seclusion. 6. a private or secluded… …  

Share the article and excerpts

Direct link
… Do a right-click on the link above
and select “Copy Link”