Rediscount


Also found in: Dictionary, Wikipedia.
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 BSP offer banks with liquidity requirements to avail of rediscounts, discounts, loans and advances.
The rediscount rate in 1981 was 6 per cent, while the lending rate for agricultural production by the Nigerian Agricultural and Co-operative Bank (NACB) was also 6 per cent.
In February 2009 the central bank's rediscount rate dropped to a record low of 1.
According to the statement, inflation edged up to just over six per cent in rece nt months, prompting the Central Bank of Gambia (CBG) to raise its rediscount ra t e by one per cent point (to 15 per cent) in September.
For instance, during the first half of 1970s, the average minimum rediscount rate (MRR) was 4.
Federal Reserve, the Russian central bank could not lower the rediscount rate in order to facilitate commercial bank borrowing so that the credit crunch in the economy could be overcome via bank lending to businesses.
In his new role, Jordan Ray will handle business development, sourcing and executing loan sale opportunities, assisting buyers by arranging capital for note purchase positions, rediscount opportunities, as well as structuring conventional real estate debt and equity.
Indeed, BAM tried to manipulate the monetary base by putting in place indirect intervention instruments (instead of rediscount techniques) such as 7 days call for tender, 5 days and 24 hours advances, as well as reserve requirement operations.
On the domestic credit side, besides extending its rediscount policies, the Central Bank has eased on its long-held stiff reserve requirements, in a series of moves that may end up liberating liquidity of more than 5.
128 The best transposed quartet I know is the headline from the trade paper DISCOUNTER INTRODUCES REDISCOUNT REDUCTIONS.
The original act had stated that Fed Banks were "to furnish an elastic currency," which meant that they would rediscount commercial paper of member banks that wanted to convert deposits into currency--"form elasticity"--so as to prevent undue change in the total quantity of money.