rediscount

[ ree-dis-kount ]

verb (used with object)

1. to discount again.

noun

1. an act of rediscounting.
2. Usually rediscounts. commercial paper discounted a second time.

Word History and Origins

Origin of rediscount¹

First recorded in 1865–70; re- + discount

Example Sentences

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.

From Project Gutenberg

It may be a discount bureau, or a rediscount bureau, a national clearing house, or a national or regional reserve association.

From Project Gutenberg

In other words, to rediscount its commercial paper would affect a bank's credit.

From Project Gutenberg

A rediscount in this instance would not constitute a loan to the country bank and would have absolutely no effect on its credit.

From Project Gutenberg

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

From Project Gutenberg