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Rediscount Definition

(verb)
definitions

(of a central bank) discount (a bill of exchange or similar instrument) that has already been discounted by a commercial bank


examples

the bank does not rediscount eligible bills back to the market in such cases

(noun)
definitions

the action of rediscounting something


examples

eligibility for rediscount at the Bank of England

the Bank does not announce its rediscount rate

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