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Mediterranean republic discounting a type of whisky (4)

Ross

I believe the answer is:

malt

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'type of whisky' is the definition.

I don't understand how the remainder of the clue works.

Can you help me to learn more?

(Other definitions for malt that I've seen before include "Brewing ingredient derived from grain" , "Dried grain used for brewing and distilling" , "Whisky ingredient" , "Brewing material" , "Grain prepared for brewing or distilling" .)

I've seen this clue in the Sydney Morning Herald.
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