rediscount

American  

[ree-dis-kount] / riˈdɪs kaʊnt /

verb (used with object)

1. to discount again.

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noun

1. an act of rediscounting.

2. Usually rediscounts. commercial paper discounted a second time.

Etymology

Origin of rediscount

First recorded in 1865–70; re- + discount

Example Sentences

Since 2020, the central bank has expanded its arsenal of tools, including relending and rediscount facilities and other low-cost loans.

From Reuters • Mar. 3, 2023

Since 2020, when the world's second-largest economy was first jolted by the coronavirus, the central bank has expanded its arsenal of structural policy tools, including relending and rediscount facilities and other low-cost loans.

From Reuters • Jan. 29, 2023

The Turkish central bank is ready to source unlimited funding for lira rediscount credits extended to exporter companies, a source with knowledge of central bank actions said on Wednesday.

From Reuters • Jul. 6, 2022

Federal Reserve banks, led by Chicago, raised the rediscount rate to 5%.*

From Time Magazine Archive

That is, they buy or discount, and sell, or rediscount, bills of exchange.

From Readings in Money and Banking Selected and Adapted by Phillips, Chester Arthur