Difference in elevation between the liquid level of the discharge tank and the centerline of the pump. Also includes any additional pressure head that may be present at the discharge tank fluid surface.
Discharge of bankruptcy
Court order whereby the bankrupt debtor is forgiven of his or her debts. A bankruptcy remains on a credit report for 10 years.
Discharge of lien
Order to withdraw a property lien after a claim is paid by other means.
Discharge tube
Outlet tube that connects a disposer or sump pump to the drain line.
Discharging arch
Also called a Relieving Arch or Safety Arch, this arch is built over another arch or a lintel for the distribution of the weight of the load over the opening.
Disclaimer
Renunciation of a claim to real estate ownership.
Disclosed principal
A principal-agent transaction or contract where a third party knows the name of the principal the agent represents. In this arrangement, the agent is not legally bound under the written or oral agreement.
Disclosure statement
A written statement of a borrower's rights under the Truth-in-Lending Law or a statement of all financing charges, which must be disclosed by a lender. Also, a statement that lists information relevant to a piece of property, such as the presence of radon or lead paint.
Discontinuity
(1) A gap or break. (2) Lack of logical sequence. (3) Lack of uniformity.
Discount
The difference between future (or face) value and present value of a payment or a reduction in the amount due for early payment. Alternately, the taking into account of all available good or bad news in evaluating a subject.
