Definition of rediscount in English:

rediscount

Syllabification: re·dis·count
Pronunciation: /rēˈdisˌkount
 
/
Finance

verb

[with object]
  • (Of a central bank) discount (a bill of exchange or similar instrument) that has already been discounted by a commercial bank.
    More example sentences
    • Here, we would presume he has in mind the ECB monetizing private debt by rediscounting existing private liabilities, or using them in open market operations.
    • They can be kept in the portfolio as an earning asset, or they can be liquidated (rediscounted) on the shortest notice without any loss of value.

noun

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  • The action of rediscounting something.
    More example sentences
    • The rate cut, the 14th in the past two years, reduced the key rediscount rate from 1.875 percent to 1.625 percent, effective today.
    • The central bank has cut it key rediscount rate 62.5 basis points since December.
    • The bank said it will maintain its rediscount rate - charged to commercial lenders for 10-day loans - at 1.375 percent.

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