🔁 To discount again 💵 A discounted bill 📉 A discount rate 🏦 Discounting again

rediscount

1 8.4

Selling a bill or note again to a central bank to get money

noun
/ˌriːdɪsˈkaʊnt/

Specialized

: redescuento

The policy change allowed for easier rediscount of financial instruments, benefiting smaller banks.

Examples

The central bank provided rediscount facilities to ensure liquidity for struggling commercial banks.
After analyzing their finances, the bank decided to offer rediscount options to improve cash flow.
Also, one must consider possible government support for these emerging stock markets, as has been traditional with the banking system in providing rediscount facilities, "salvaging" ailing banks, and providing deposit insurance.

Academic text (1996)

Surface Forms

rediscount singular

rediscounts plural

Morphology

rediscount = rediscount (transparent) = re + discount

This noun is a straightforward zero-derived event noun from the verb 'rediscount'.

Etymology

Rediscount comes from the parts re- 'again' and discount 'to reduce the value of a bill'. So a rediscount is the act of discounting a bill 'again', often done by a central bank to give commercial banks cash when they need it.