The Difference Between Rediscount And Discount
Discount, that is to say Direct paste The popular saying is Customer Mortgaging an unexpired bill to a bank and obtaining the fund from the bank by multiplying the discount rate by the amount of the bill. Similar to mortgage loans, but the liquidity of mortgage assets is much better.
The discount is to take the discounted bills to the same industry once again because of tight positions and other factors.
discount
To get a position.
Rediscount is usually the operation between commercial banks and central banks. Generally, commercial banks use their central bank bills to apply for rediscount to the central bank to get corresponding positions.
In short, rediscount or rediscount are different types of discount, but their meanings are different, but the nature of pactions is similar.
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