Wikipedia
In electromagnetism, displacement current is a quantity appearing in Maxwell's equations that is defined in terms of the rate of change of electric displacement field. Displacement current has the units of electric current density, and it has an associated magnetic field just as actual currents do. However it is not an electric current of moving charges, but a time-varying electric field. In physical materials (as opposed to vacuum), there is also a contribution from the slight motion of charges bound in atoms, dielectric polarization.
The idea was conceived by James Clerk Maxwell in his 1861 paper On Physical Lines of Force, Part III in connection with the displacement of electric particles in a dielectric medium. Maxwell added displacement current to the electric current term in Ampère's Circuital Law. In his 1865 paper A Dynamical Theory of the Electromagnetic Field Maxwell used this amended version of Ampère's Circuital Law to derive the electromagnetic wave equation. This derivation is now generally accepted as a historical landmark in physics by virtue of uniting electricity, magnetism and optics into one single unified theory. The displacement current term is now seen as a crucial addition that completed Maxwell's equations and is necessary to explain many phenomena, most particularly the existence of electromagnetic waves.
Usage examples of "displacement current".
Only one physicist in a thousand need stumble upon something like the displacement current to make the support of all thousand a superb investment for society.