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TeachMeFinance.com - explain Charge and discharge. historic definition... Charge and discharge. -- The presentation in a chancery court (court of equity) of the claims and accounts of the plaintiff against the defendant and those of the defendant against the plaintiff so that the balance of account may be determined by the court. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.