Glossary Term: DISCHARGE
Definition(s) for DISCHARGE:
1. ) May refer to any of the following definitions: (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 proper (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.
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Fund Letters
