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, 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

This Board has the power to fix the rediscount rates of the Reserve Banks.

From Time Magazine Archive

The proposed Federal Reserve Banks are to hold a part of the reserves of member banks and to rediscount commercial paper, administer exchange accounts, and conduct clearings for them.

From Banking by Scott, William A.