rediscount
1
9.5
- noun
- /ˌriːdɪˈskaʊnt/
- Specialized
- Banks sometimes use a rediscount to obtain funds quickly by selling previously discounted paper.
Examples
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After the initial sale, the note became a rediscount when it was sold to another bank.
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Many banks provide rediscounts for their clients.
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The central bank offered a rediscount facility to help commercial banks manage liquidity.
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The bank offered a rediscount on the loan.
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The central bank offered a rediscount facility to help commercial banks manage liquidity.
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Banks sometimes use a rediscount to obtain funds quickly by selling previously discounted paper.
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After the initial sale, the note became a rediscount when it was sold to another bank.
Surface Forms
Morphology
rediscount = rediscount (semi-transparent) = re + discount
The relation to the verb is clear, but deriving the specific result-object meaning by zero derivation is not fully automatic for learners.
Etymology
Rediscount comes from the parts re- 'again' and discount 'to reduce the value of a bill'. So a rediscount can mean the bill itself after it has been discounted again, for example when one bank sells that bill to another or to the central bank.