Definition of rediscount in English:

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rediscount

Finance

verb

Pronunciation: /riːdɪsˈkaʊnt/
[with object]
(Of a central bank) discount (a bill of exchange or similar instrument) that has already been discounted by a commercial bank: the bank does not rediscount eligible bills back to the market in such cases
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

Pronunciation: /riːˈdɪskaʊnt/
[mass noun]
The action of rediscounting something: eligibility for rediscount at the Bank of England [as modifier]: the Bank does not announce its rediscount rate
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.

For editors and proofreaders

Line breaks: re|dis¦count

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