re·dis·count I. \(ˈ)rē|diˌskau̇nt also |rēdə̇|s-\transitive verb Etymology:re- + discount (v.) : to discount again (as commercial paper) < a Federal Reserve Bank may also rediscount any bill drawn by a bank — Alexander Wall > • re·dis·count·able\-təbəl\adjective II. noun Etymology:re- + discount (n.) : the act or process of rediscounting or the negotiable paper involved in such a transaction