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To re-discount

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Oralee
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if a bank rediscounts a debt instrument (= loan) , it buys it from another bank before the date it would normally be paid back for less than the amount owed, after the other bank has already done this for the original lender:
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To re-discount meaning & definition 1 of To re-discount.

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To re-discount

To re-discount meaning & definition 1 of To re-discount.

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