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What is discount? What is rediscount? Seek a popular explanation
discount is a commercial term, which refers to the unexpired commercial acceptance bill or bank acceptance bill drawn by the payer and accepted by the acceptor, and then transferred to the transferee (holder). The transferee (holder) applies to the bank and other financial institutions to realize the bill, and the bank and other financial institutions deduct the interest from the discount date to the maturity date of the bill according to the par value, and pay the remaining amount to the holder (payee). When a commercial bill expires, the ultimate holder will collect money from the acceptor of the bill on the basis of the bill.

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