What is another word for rediscount?
Pronunciation: [ɹˌiːdɪskˈa͡ʊnt] (IPA) 
Rediscount refers to the process of obtaining a loan using security that a borrower has previously pledged. The word has a few common synonyms. Firstly, the term 'refinance' is often used interchangeably with rediscount; both refer to the process of replacing an existing loan with a new one. Secondly, the word 'rediscount' is a similar term, and also refers to the process of borrowing money against existing credit. Lastly, 'reloan' is another synonym that can be used to describe the process of extending credit against existing collateral. Regardless of the term used, each refers to a process of obtaining additional financing while using one's existing credit or collateral as security.
