REDISCOUNT

REDISCOUNT

rediscount, n.

1. The act or process of discounting a negotiable instrument that has already been discounted, as by a bank.

2. (usu. pl.) A negotiable instrument that has been discounted a second time. See DISCOUNT. ¡ª rediscount, vb.


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Carl, Chinese legal translator, specializes in translating legal documents pertaining to complex business disputes.