rediscount

[ ree-dis-kount ]

/ riˈdɪs kaʊnt /

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verb (used with object)

to discount again.

noun

an act of rediscounting.

Usually rediscounts. commercial paper discounted a second time.

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Origin of rediscount

First recorded in 1865–70; re- + discount

Words nearby rediscount

redingote, red ink, redintegrate, redintegration, redirect, rediscount, rediscount rate, rediscover, rediscovery, redistribute, redistribution

How to use rediscount in a sentence

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
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

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