Which of the following is referred by the Debt retirement ?
Correct answer: D. The complete repayment of debt
- A. To write-off debt
- B. To reschedule debt
- C. To repay debt in easy installments
- D. The complete repayment of debt
Explanation
Debt retirement means extinguishing a debt, normally by repaying the principal in full or otherwise settling the obligation. Rescheduling only changes its repayment terms and does not retire it.
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