rediscount

American  

[ree-dis-kount] / riˈdɪs kaʊnt /

verb (used with object)

1. to discount again.

---

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, 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

China’s outstanding relending and rediscount loans totalled 2.47 trillion yuan at the end of March, a rise of 526.3 billion yuan year-on-year, the central bank said.

From Reuters • May 6, 2022

Last year he bitterly attacked the Federal Reserve system for its failure to make a more substantial raise in the rediscount rate.

From Time Magazine Archive

Any bank, if it has need for additional cash, may present for rediscount at the Bank of France the bills and other commercial paper which it has in its vaults.

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