rediscount

[ree-dis-kount]

verb (used with object)

to discount again.

noun

an act of rediscounting.
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