rediscount

rediscount definition - business

rediscount

To discount a negotiable instrument a second time. A central bank adds liquidity to the banking system by rediscounting (buying at a discount) high-quality debt instruments.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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