Discharge
From ACT Wiki
Jump to navigationJump to search
1. Law.
Release from an obligation, debt or liability.
2. Law - contract.
Abbreviation for discharge of contract.
3. Duties and responsibilities.
Carrying out any duty or responsibilities.
For example, financial reporting seeks - among other purposes - to provide information about how efficiently and effectively management has discharged its responsibilities to use the reporting entity's economic resources.
