Encash

usgb/ɪnˈkæʃ/
verb

To convert a check or other form of money into cash.

He decided to encash his paycheck at the bank.
Visual representation of "encash" - To convert a check or other form of money into cash.

Often appears as...

  • encash a check
  • encash a bond
Definition 1 of 1
Visual representation of "encash"
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Financial Context

Encash is often used in banking or financial environments when referring to liquidating assets or instruments.

Illustration for Financial Context
After winning the lottery, she went to encash her winning check.
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Immediate Availability

Using 'encash' implies the need or desire to have the money available for use immediately.

Illustration for Immediate Availability
They needed to encash the travelers' checks to pay for the hotel.
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Not for Deposits

Encash specifically means to turn into cash, not just to deposit in a bank account.

Illustration for Not for Deposits
I don't just want to deposit my bonus check; I want to encash it and celebrate.
Visual representation of the word "Encash"

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