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, the central bank has expanded its arsenal of tools, including relending and rediscount facilities and other low-cost loans.

From Reuters • Mar. 3, 2023

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

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

And, in turn, every member bank will now be able at such times to rediscount such paper and thus secure credit toward its reserve requirement on the books of its Federal reserve bank.

From Modern Economic Problems Economics Volume II by Fetter, Frank Albert