I agree. To the average person they believe the debt to be paid and extinguished. This belief is sufficient for the majority of people I am sure, and yes it may seem to be semantics.
But if you really get down to the bottom line, it is quite a different situation. Suppose hypothetically that everyone (whomever) started calling in their notes/contracts/ious. The average person could have some serious problems. Not necessarily only because they discharged debts but because it is my understanding that those discharges do not convey pure property ownership and rights.
Am I worried that someone is going to call in my discharges and demand their toothbrush back? Not at all. I don't think it ever would happen. But when I purchase and pay for something at the store (most often discharge) I want to know that I have ultimate and supreme property rights and ownership of that item. And today it is not often at all that I have those rights.
Fortunately most of the folks on these forums and in this community are not average people which is probably what drove them to this community.
Snuck up on me while posting also...