rediscount

[ree-dis-kount]
noun
  1. an act of rediscounting.
  2. Usually rediscounts. commercial paper discounted a second time.

Origin of rediscount

First recorded in 1865–70; re- + discount
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018

Examples from the Web for rediscount

Historical Examples of rediscount

  • And don't start with the rediscount and the Series W business again.

    The Adventurer

    Cyril M. Kornbluth

  • The lack of a central bank and of a rediscount market is to a degree compensated by unity of action among the banks.

    Banking

    William A. Scott

  • We do not rediscount our bills in the market either; so every transaction we enter into we have to see through to the very end.

    Readings in Money and Banking

    Chester Arthur Phillips

  • It may be a discount bureau, or a rediscount bureau, a national clearing house, or a national or regional reserve association.

    Readings in Money and Banking

    Chester Arthur Phillips

  • In other words, to rediscount its commercial paper would affect a bank's credit.

    Readings in Money and Banking

    Chester Arthur Phillips