[ree-draft, -drahft]
a second draft or drawing.
Finance. a draft on the drawer or endorsers of a protested bill of exchange for the amount of the bill plus the costs and charges.

1675–85; re- + draft Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
1.  a second draft
2.  a bill of exchange drawn on the drawer or endorser of a protested bill by the holder for the amount of the protested bill plus costs and charges
3.  a re-exported commodity
4.  to make a second copy of; draft again: to redraft proposals for a project

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Example sentences
Keep your packing list taped inside your suitcase to avoid losing it or having to regularly redraft it.
The subcommittee will redraft guidelines for preapproval, as direction is now much clearer.
The actual redraft of the manual is also included in the handouts.
Besides, if you're in a single-season redraft league, you have nothing to lose
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