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retirement

re·tire·ment [ ri trmənt ] (plural re·tire·ments)


noun 
Definition:
 
1. leaving of job or career: the act of leaving a job or career at or near the usual age for doing so, or the state of having left a job or career

2. time after having stopped working: the time that follows the end of somebody's working life

3. being away from busy life: a state of being withdrawn from the rest of the world or from a former busy life
He lives in retirement in the country.

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