I. (ˌ)rē-ˈdis-ˌkau̇nt, ˌrē-dis-ˈ transitive verb
Date: 1838
: to discount again (as commercial paper)
• re·dis·count·able -ˌkau̇n-tə-bəl, -ˈkau̇n- adjective
II. (ˌ)rē-ˈdis-ˌkau̇nt noun
Date: 1892
1. : the act or process of rediscounting
2. : negotiable paper that is rediscounted