Discharges
/ˈdɪstʃɑrdʒɪz/
Definitions
- (n.) Payments or offsets that reduce a debt or obligation.
The loan agreement allowed for several discharges upon full repayment.
- (v.) Acts of releasing or relieving a duty, debt, or liability.
The debtor discharges the obligation by paying in full.
Forms
- discharge
- discharged
- discharging
Related terms
Commentary
Term frequently used in contract and debt law; distinguishing noun and verb forms aids clarity.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.