rediscount
C2CEFR level
85/100Rarity: very rare
TechnicalRegister
The discounting of a short-term negotiable instrument that has already been discounted once, often by a central bank.
Commercial banks obtained liquidity by taking eligible bills for rediscount at the central bank.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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