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mortgage retired

 
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jays



Joined: 13 Oct 2005
Posts: 221
PostPosted: Mon Oct 01, 2007 8:18 am    Post subject: mortgage retired Reply with quote
Please explain the meaning of "mortgage retired" in the following.
----- the following --------------
Here's what Duke has done with his money so far.
----
$125,000: Mortgage retired on his 1,400-square-foot house
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asterix



Joined: 26 Jan 2003
Posts: 1654
PostPosted: Mon Oct 01, 2007 10:25 am    Post subject: Reply with quote
It means he paid it off. He doesn't owe any more money on his house, so he owns it outright.
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