English version


From Longman Business Dictionary
Related topics: Banking
rediscountingre‧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
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