rediscount

[ ree-dis-kount ]

/ riˈdɪs kaʊnt /

an act of rediscounting.

Usually rediscounts. commercial paper discounted a second time.

Nearby words

First recorded in 1865–70; re- + discount

Exclusion of collateral loans from rediscount will certainly contribute much to bring this about.
Readings in Money and Banking|Chester Arthur Phillips
To make assurance doubly sure, the rediscount of loans secured by stocks and bonds is specifically prohibited.
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
A rediscount in this instance would not constitute a loan to the country bank and would have absolutely no effect on its credit.
Readings in Money and Banking|Chester Arthur Phillips

They depend on the Reichsbank and the Bank of France for rediscount in times of need.
Readings in Money and Banking|Chester Arthur Phillips