Other forms: redistributed; redistributing; redistributes
Redistribute is a verb that means to distribute something again. If one poker player gets too many cards and another gets too few, the dealer should probably shuffle again and redistribute the cards evenly.
You may recall the story of Robin Hood, who took it upon himself to "redistribute the wealth" by stealing from the rich and giving to the poor. Well, in conversations about contemporary economics the word redistribute is often used to complain about taxes, which are often higher for people who have more money.