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单词 rediscount
释义 rediscount

To buy a bill of exchange from the holder before it reaches maturity. The original holder will have discounted it, that is, paid less for it than its face value. If the holder needs to obtain cash before the bill comes to maturity, it has to be sold on to another firm, again at a discount on its face value.

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更新时间:2024/9/21 12:36:10