Translation: from english

Debt Discharge

Look at other dictionaries:

  • Debt Discharge — The cancellation or forgiveness of a debt. Debt discharge results in taxable income to the debtor unless the forgiveness is a gift or bequest. When a debt is discharged by an institution, the debtor will usually receive a Form 1099 C that shows… …   Investment dictionary

  • 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… …   Financial and business terms

  • discharge — dis|charge1 [dısˈtʃa:dʒ US a:r ] v ▬▬▬▬▬▬▬ 1¦(send somebody away)¦ 2¦(gas/liquid/smoke etc)¦ 3¦(shoot)¦ 4¦(duty/responsibility/debt etc)¦ 5¦(electricity)¦ 6¦(a wound)¦ 7¦(goods/passengers)¦ ▬▬▬▬▬▬▬ [Date: 1300 1400; : Old French; Origin:… …   Dictionary of contemporary English

  • discharge — dis·charge 1 /dis chärj, dis ˌchärj/ vt 1: to release from an obligation: as a: to relieve of a duty under an instrument (as a contract or a negotiable instrument); also: to render (an instrument) no longer enforceable a formal instrument...may… …   Law dictionary

  • discharge — An order from the Bankruptcy Court releasing the debtor from any and all dischargeable debts which arose prior to the petition date (SA Bankruptcy.com) The legal elimination of debt through a bankruptcy case. When a debt is discharged, it is no… …   Glossary of Bankruptcy

  • Discharge — Dis*charge , n. [Cf. F. d[ e]charge. See {Discharge}, v. t.] 1. The act of discharging; the act of relieving of a charge or load; removal of a load or burden; unloading; as, the discharge of a ship; discharge of a cargo. [1913 Webster] 2. Firing… …   The Collaborative International Dictionary of English

  • Discharge — Dis*charge , v. t. [imp. & p. p. {Discharged}; p. pr. & vb. n. {Discharging}.] [OE. deschargen, dischargen, OF. deschargier, F. d[ e]charger; pref. des (L. dis) + chargier, F. charger. See {Charge}.] 1. To relieve of a charge, load, or burden; to …   The Collaborative International Dictionary of English

  • debt — n [Old French dette, ultimately from Latin debita, plural of debitum debt, from neuter of debitus, past participle of debere to owe] 1: something owed: as a: a specific sum of money or a performance due another esp. by agreement (as a loan… …   Law dictionary

  • discharge — [n1] setting free acquittal, clearance, disimprisonment, exoneration, liberation, pardon, parole, probation, release, remittance; concept 127 Ant. hold, imprisonment, incarceration, keep, retention discharge [n2] dismissal from responsibility ax …   New thesaurus

  • discharge of debts — In bankruptcy, the bankruptcy court s action, at the end of the case, to wipe out the debts of the person or business that filed for bankruptcy. Once a debt is discharged, the debtor no longer owes it, and the creditor may no longer take action… …   Law dictionary

  • Debt — • That which is owed or due to another; in general, anything which one person is under an obligation to pay or render to another Catholic Encyclopedia. Kevin Knight. 2006. Debt     Debt      …   Catholic encyclopedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

Wir verwenden Cookies für die beste Präsentation unserer Website. Wenn Sie diese Website weiterhin nutzen, stimmen Sie dem zu.