rediscountable

rediscountable

(riːˈdɪskaʊntəbəl)
adj
able to be rediscounted
References in periodicals archive ?
The goal was to promote an alternative to the call loan market that would deal in rediscountable short-term paper for New York City banks to use as an asset for reserve management.
The rediscountable promissory note allows a farmer to receive the amount of money due to him as from 15 February 1994 for maize delivered up to the end of October 1993.
Beyond the small stock of rediscountable treasury bills, the banks therefore found themselves, from the turn of 1928-29, in more or less perpetual negotiation with the Reich about the terms on which they would take over a rising stock of non-rediscountable treasury certificates.
But the more permanent difficulty lay in the opposite direction--in the banks' lack of rediscountable paper.