To discount short-term negotiable debt instruments for a second time, after they have been discounted with a bank. Bloomberg Financial Dictionary

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   Purchase before maturity by a central bank of a government obligation or other financial instrument already discounted in the money market.

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rediscount UK US (also re-discount) /ˌriːˈdɪskaʊnt/ verb [T]
FINANCE, BANKING if a bank rediscounts a debt instrument (= loan), it buys it from another bank before the date it would normally be paid back for less than the amount owed, after the other bank has already done this for the original lender: »

Bank bills may be re-discounted a number of times before maturity.

Compare DISCOUNT(Cf. discount) verb
rediscount UK US /ˌriːˈdɪskaʊnt/ noun [U]
FINANCE, BANKING the process of buying a debt instrument (= loan) for a lower price before the date it has to be paid back, for a second or third time: »

rediscount facilities


the rediscount rate

Compare DISCOUNT(Cf. ↑discount) noun

Financial and business terms. 2012.

Look at other dictionaries:

  • rediscount — [rē dis′kount] vt. to discount (esp. commercial paper) for a second time n. 1. the act or process of rediscounting 2. rediscounted commercial paper rediscountable adj …   English World dictionary

  • Rediscount — The act of discounting a short term negotiable debt instrument for a second time. Banks may rediscount these short term debt securities to assist the movement of a market that has a high demand for loans. When there is low liquidity in the market …   Investment dictionary

  • rediscount — I. transitive verb Date: 1838 to discount again (as commercial paper) • rediscountable adjective II. noun Date: 1892 1. the act or process of rediscounting 2. negotiable paper that is rediscounted …   New Collegiate Dictionary

  • rediscount — /ree dis kownt/, v.t. 1. to discount again. n. 2. an act of rediscounting. 3. Usually, rediscounts. commercial paper discounted a second time. [1865 70; RE + DISCOUNT] * * * …   Universalium

  • rediscount — 1. verb To discount again 2. noun A second or subsequent discount …   Wiktionary

  • rediscount — re·dis·count || ‚rɪː dɪskaÊŠnt n. second discount, additional reduction in price or value v. give a second discount, make an additional reduction in price or value …   English contemporary dictionary

  • rediscount — re·dis·count …   English syllables

  • rediscount — re•dis•count [[t]riˈdɪs kaʊnt[/t]] v. t. 1) to discount again 2) an act of rediscounting 3) bus Usu., rediscounts. commercial paper discounted a second time • Etymology: 1865–70 …   From formal English to slang

  • rediscount — /ˌriˈdɪskaʊnt/ (say .ree diskownt) verb (t) 1. to discount again. –noun 2. an act of rediscounting. 3. (usually plural) commercial paper which is discounted a second time …   Australian English dictionary

  • rediscount — /ri: dɪskaυnt/ verb to discount a bill of exchange which has already been discounted by a commercial bank …   Dictionary of banking and finance