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

The Turkish central bank is ready to source unlimited funding for lira rediscount credits extended to exporter companies, a source with knowledge of central bank actions said on Wednesday.

From Reuters • Jul. 6, 2022

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

The first official recognition of this coming trend was supplied by the quite unexpected action of the Boston Reserve Bank in moving its rediscount rate up from 3�% to 4%.

From Time Magazine Archive

To make assurance doubly sure, the rediscount of loans secured by stocks and bonds is specifically prohibited.

From Readings in Money and Banking Selected and Adapted by Phillips, Chester Arthur