rediscount
verb [ T ]
(also re-discount) uk/ˌriːˈdɪskaʊnt/ us 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.
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discount verb
rediscount
noun [ U ]
uk/ˌriːˈdɪskaʊnt/ us 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
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discount noun