/ Dictionary / Index R rediscount rate: Meaning and Definition of Find definitions for: redis'count rate" Pronunciation: [key] the rate charged by the Federal Reserve Bank to member banks for rediscounting commercial paper. Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease. rediscount redistribute Related Content Daily Word Quiz: pugilist Analogy of the Day: Today’s Analogy Spelling Bee: Today’s Spelling Bee Frequently Misspelled Words Frequently Mispronounced Words Easily Confused Words Writing & Language