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. — rediscount, vb.
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. — rediscount, vb.