REDISCOUNT Definition

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REDISCOUNT is to discount short-term negotiable debt instruments for a second time, after they have been discounted with a bank.

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ZERO-RATED SALES is when a sale is taxable at the rate of 0%, i.e. no sales tax. Some examples could be: basic groceries, prescription drugs or certain medical devices.

BALANCE SHEET GEARING is the ratio of interest-bearing debt to equity.

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