Akademik

discharge

(1) The action of releasing a lien or the document in which the creditor relinquishes a lien.

Also known as a satisfaction, a release, a reconveyance, or an extinguishment.

However, release tends to be used in connection with both real and personal property, while the discharge, extinguishment, reconveyance, and satisfaction are more often used only in connection with real property.

See partial release and release.

(2) Relief granted to a debtor by a bankruptcy court. Discharge relieves the debtor from all further responsibility for pre-petition debt covered by the discharge. American Banker Glossary

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Release from a legal obligation imposed by contract or law. Euroclear Clearing and Settlement glossary

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▪ I. discharge dis‧charge ¹ [dɪsˈtʆɑːdʒ ǁ -ɑːrdʒ] verb

1. [transitive] to officially allow or tell someone to leave hospital, the army, a job etc:

• The men were treated for minor injuries and discharged.

• He was discharged from the RAF last August.

2. HUMAN RESOURCES [transitive] to remove someone from their job:

• In December, the airline discharged 49 employees and said it might need to make further cuts.

3. discharge a duty/responsibility/function etc formal to do properly everything that is part of a particular duty etc:

• The committee said that the Bank had failed to discharge its supervisory duties.

4. discharge a debt/claim/liability etc LAW to completely pay an amount that is owed:

• The payment of £4,000 together with the monthly sum of £1,000 was not enough to discharge in full the invoice for January's work.

5. [intransitive, transitive] to send out gas, liquid, smoke etc, or allow it to escape:

• Gas leaked from the tanker as it discharged crude oil at the refinery.

• pollutants being discharged into the atmosphere

6. [intransitive, transitive] TRANSPORT to take goods off a ship, plane etc; = UNLOAD:

• The ship discharged the 2,911 - tonne cargo of 330 concrete-coated steel pipes in less than a day.

7. [transitive] LAW to state officially that someone who was bankrupt has obeyed the court and can do business again

[m0] ▪ II. discharge dis‧charge ² [ˈdɪstʆɑːdʒ ǁ -ɑːrdʒ] noun

1. [countable, uncountable] when someone is officially allowed or told to leave hospital, the army, a job etc:

• The organization helps ex-servicemen and their dependants following discharge from the forces.

2. [countable, uncountable] when someone is removed from their job:

• He threatened to sue the firm for wrongful discharge.

3. [uncountable] formal when someone performs a duty, responsibility etc properly and thoroughly :

• Although we do not consider Mr Gray's conduct to have been dishonest, the discharge of his responsibilities as company secretary was most unsatisfactory.

4. [uncountable] LAW INSURANCE when an amount such as a debt or money claimed on an insurance policy is completely paid:

• the residue of the estate after the discharge of all debts and liabilities

5. [countable, uncountable] when gas, liquid, smoke etc is sent out or allowed to escape:

• the discharge of toxic waste into the sea

• £1 billion has been spent to control sewage discharges.

6. [countable, uncountable] TRANSPORT when goods are taken off a ship, plane etc; = UNLOADING:

• Checking the discharge of cargo is part of my job.

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Ⅰ.

discharge UK US /dɪsˈtʃɑːdʒ/ verb

► [T] to give someone an official order or legal permission to end their duty in the army, a court, a prison, etc.: »The judge discharged the jury and ordered a retrial.
»He was honourably discharged from the Army three years ago.

► [T] HR if a company or organization discharges an employee, it makes them leave their job: discharge sb for sth »Several of the directors were later discharged for mismanaging shareholder funds.

→ Compare FIRE(Cf. ↑fire)

► [T] LAW, FINANCE to give a bankrupt person legal permission to stop owing a particular debt: discharge a bankrupt » First-time bankrupts are typically discharged automatically after 12 months.
discharge a debt »Bankruptcy laws generally won't let people discharge their student loan debt.

→ Compare DISCHARGE IN BANKRUPTCY(Cf. ↑discharge in bankruptcy)

► [T] FINANCE to pay the total amount owed for a debt, loan, payment, etc.: »The company continues to discharge its loan repayment obligations in time.

► [T] to do an official task or duty: » discharge a duty/responsibility/obligation

► [I or T] ENVIRONMENT if a business or factory discharges gas, chemicals, liquid waste, etc., it sends these substances into the air or water: »Companies must be issued a permit from the EPA before they are allowed to discharge.
discharge sth into sth »The mine has a federal permit to discharge mine wastewater into the river.

► [I or T] TRANSPORT to take goods off a ship or plane or to allow passengers to get off: »It took a whole day to discharge the ship.

Ⅱ.

discharge UK US /ˈdɪstʃɑːdʒ/ noun

► [C] FINANCE the end of a debt, or an official order that ends someone’s duty to pay a debt: »Bankrupts must undergo credit counselling before receiving a discharge of their debts.
»loan discharges and cancellations

► [C or U] ENVIRONMENT a waste substance that is sent into the air or water from a factory or business: »$1 billion was spent to reduce the plant’s mercury discharge.

► [U] FORMAL HR an official order that ends someone’s job: »He sued the company for wrongful discharge.

► [C or U] an official order or legal permission to leave your duty in the army, a court, a prison, etc.: honourable/dishonourable discharge »If convicted, his sentence will include a reduction in rank to private and a dishonourable discharge.

► [U] FORMAL the act of doing a task or duty that you must do: discharge of duties/responsibilities »Employees found to have committed any breaches in the discharge of their duties will be reprimanded.

► [U] TRANSPORT the job or activity of getting goods or passengers off a ship or plane: »The west docks are used for the loading and discharge of cargo.

→ See also ORDER OF DISCHARGE(Cf. ↑order of discharge)

Financial and business terms. 2012.