Rediscount


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Related to Rediscount: rediscount rate

Rediscount

To discount short-term negotiable debt instruments for a second time, after they have been discounted with a bank.

Rediscount

To declare a discount for the second time. For example, an issuer may offer a bond at a discount from its par value to entice investors. If this does not work, the issuer may discount the bonds further in order to encourage people to buy the bond.

rediscount

To discount a negotiable instrument a second time.
References in periodicals archive ?
The EDYRF rediscount rates are based on the respective 1-month London Inter-Bank Offered Rate (LIBOR) as of 30 August 2013.
Under the Peso Rediscount Facility, total availments of commercial, thrift and rural banks amounted to P12,678 million for the period 01 January to 30 April 2013, 5.
This significant, well-diversified transaction is part of CapitalSource's ongoing expansion in the rediscount and lender finance business, which we have grown for the past several years," said Michael C.
8 million after-tax gain from the sale of the rediscount portfolio earlier in the year and earnings growth at the inventory finance unit, which was driven by receivables growth and higher yields.
Under the last year issued norms of the CBJ, it has fixed that the bank can offer licensed banks loans for 9 months at window rediscount rate if a loan amount does not go beyond JD5 million.
In the business credit unit, receivables outstanding were slightly lower than the year ago period due to the first-quarter 1995 sale of a portfolio of consumer rediscount loans which more than offset receivables growth during the second quarter.
Smart Choice Automotive Group has demonstrated the credit discipline we look for in this marketplace," commented Steve Cammack, vice president and manager of the Rediscount Division of FINVOA Capital Corporation.
NYSE:FNV), formerly GFC Financial Corporation (NYSE:GFC), Thursday announced that it has reached a definitive agreement to acquire a substantial portion of the rediscount portfolio of the Lender Finance Division of Transamerica Business Credit Corporation, a wholly owned subsidiary of Transamerica Corporation.
Since year end 1994, the transportation, resort, commercial equipment and rediscount finance portfolios have accounted for over 75% of the net growth in managed receivables.
The Commercial Finance Group, which comprises FINOVA's asset-based lending businesses such as Asset-Based Finance, Corporate Finance, Factoring Services, Inventory Finance and Rediscount Finance, reports to Executive Vice President John J.
Since year-end 1994, the transportation, resort, commercial equipment and rediscount finance portfolios have accounted for over 75% of the net growth in managed receivables.