I. (ˈ)rē|diˌskau̇nt also |rēdə̇|s- transitive verb
Etymology: re- + discount (v.)
: to discount again (as commercial paper)
a Federal Reserve Bank may also rediscount any bill drawn by a bank — Alexander Wall
• re·dis·count·able -təbəl adjective
II. noun
Etymology: re- + discount (n.)
: the act or process of rediscounting or the negotiable paper involved in such a transaction