Some random questions rattling around in my head. From my limited understanding a debt cannot actually be paid with federal reserve notes of debt, however it can be discharged (passed to another) with them? Is there actually a practical difference between paying a debt and discharging it? Why then use two different terms? Does it matter? Why/why not? Does that mean that everythjng one "buys" with federal reserve debt notes actually belongs to the note owner, the Fed, until actual payment is made? R.