REDISCOUNTED | English Meaning, Definition, and Pronunciation

Looking for the meaning of the word REDISCOUNTED in English for both noun and verb forms from the Oxford Dictionary? Below, you can explore all possible meanings and definitions of REDISCOUNTED with sentence examples. You can also use the “AUDIO PRONUNCIATION” track to check the correct pronunciation in British English.

Word: Rediscount

Speech Type: Verb

Audio Pronunciation:
Phonetic Spelling: riːˈdɪskaʊnt
Dialects: British English
Definition:

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

Short Definition:

(of central bank) discount that has already been discounted by commercial bank

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

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