rediscounting paper

rediscounting paper
A function of banks, particularly federal reserve banks, in taking at a discount the discounted paper of other banks. 10 Am J2d Banks §§ 5, 690. Ordinarily, involving an indorsement as well as a taking at a discount. Dorsey v United States (CA8 Neb) 101 F 746, 749.

Ballentine's law dictionary. . 1998.

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  • eligible paper — 1) Treasury bills, short dated gilts, and any first class security, accepted by a British bank or an accepting house and thus acceptable by the Bank of England for rediscounting, or as security for loans to discount houses. The Bank of England s… …   Big dictionary of business and management

  • rediscount rate — noun : 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 * * * the rate charged by the Federal Reserve Bank to member banks for… …   Useful english dictionary

  • Federal Reserve System — FRB and FED redirect here. For other uses, see FRB (disambiguation) and FED (disambiguation). Federal Reserve System …   Wikipedia

  • rediscount — I. transitive verb Date: 1838 to discount again (as commercial paper) • rediscountable adjective II. noun Date: 1892 1. the act or process of rediscounting 2. negotiable paper that is rediscounted …   New Collegiate Dictionary

  • Federal Reserve Act — Full title An Act To provide for the establishment of Federal reserve banks, to furnish an elastic currency, to afford means of rediscounting commercial paper, to establish a more effective supervision of banking in the United States, and for… …   Wikipedia

  • rediscount — [rē dis′kount] vt. to discount (esp. commercial paper) for a second time n. 1. the act or process of rediscounting 2. rediscounted commercial paper rediscountable adj …   English World dictionary

  • Bangko Sentral ng Pilipinas — Infobox Central bank bank name = Bangko Sentral ng Pilipinas bank name in local = image 1 = Php bill 100 back.jpg image title 1 = The Central Bank Complex as depicted on the 100 peso bill image title 2 = headquarters = Manila, Philippines… …   Wikipedia

  • rediscount — /ree dis kownt/, v.t. 1. to discount again. n. 2. an act of rediscounting. 3. Usually, rediscounts. commercial paper discounted a second time. [1865 70; RE + DISCOUNT] * * * …   Universalium

  • rediscount rate — the rate charged by the Federal Reserve Bank to member banks for rediscounting commercial paper. * * * …   Universalium

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