English version

rediscounting in Banking topic

From Longman Business Dictionaryrediscountingre‧dis‧count‧ing /riːˈdɪskaʊntɪŋ/ noun [uncountable] BANKING the act of DISCOUNTING a BILL OF EXCHANGE (=buying it before its normal payment date for less than it will be worth on that date) that has already been discounted once for someone else