rediscount rate

noun

Definition of rediscount rate

: the discount rate charged by Federal Reserve banks for rediscounting commercial paper for member banks or making secured advances to them on their own notes

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“Rediscount rate.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/rediscount%20rate. Accessed 20 Sep. 2020.

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