rediscountable
/riːˈdɪskaʊntəbəl/
adjective
- Eligible to be discounted again, especially referring to financial instruments that a central bank will accept for rediscount.
- Only certain types of commercial paper are rediscountable by the central bank.
- To qualify as rediscountable, the loan must meet specific criteria set by the Federal Reserve.
- The bank checked whether the promissory notes were rediscountable under current regulations.
Synonyms