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Is "retire debt" a fixed phrase? Meaning pay off?



 
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Is "retire debt" a fixed phrase? Meaning pay off? #1 (permalink) Wed Mar 31, 2010 14:05 pm   Is "retire debt" a fixed phrase? Meaning pay off?
 

Business English Lesson, Advanced Level

ESL/EFL Test #182 "Asset-based Loans", question 7

In a leveraged buyout (LBO), the target company's assets are used as collateral for debt, and its cash flow is used to ......... debt accrued by the buyer to acquire the company.

(a) absolve
(b) assume
(c) restructure
(d) retire

Business English Lesson, Advanced Level

ESL/EFL Test #182 "Asset-based Loans", answer 7

In a leveraged buyout (LBO), the target company's assets are used as collateral for debt, and its cash flow is used to retire debt accrued by the buyer to acquire the company.

Correct answer: (d) retire
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Is "retire debt" a fixed phrase? Meaning pay off?
thanks.
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Is "retire debt" a fixed phrase? Meaning pay off? #2 (permalink) Mon Apr 19, 2010 4:56 am   Is "retire debt" a fixed phrase? Meaning pay off?
 

Yes.
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