rediscount
verb[T]
(alsore-discount)uk/ˌriːˈdɪskaʊnt/usFINANCE,BANKING
if abankrediscounts adebtinstrument(=loan), itbuysit from anotherbankbefore thedateit wouldnormallybepaidback for less than theamountowed, after the otherbankhas already done this for theoriginallender:
Bankbillsmay be re-discounted anumberoftimesbeforematurity.
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discountverb
rediscount
noun[U]
uk/ˌriːˈdɪskaʊnt/usFINANCE,BANKING
theprocessofbuyingadebtinstrument(=loan)for alowerpricebefore thedateit has to bepaidback, for a second or thirdtime:
rediscountfacilities
the rediscountrate
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discountnoun