Encashment

usgb/ɪnˈkæʃmənt/
noun

The act of changing a cheque, bonds or other types of financial instruments into cash.

She completed the encashment of her deceased husband's bonds.
Visual representation of "encashment" - The act of changing a cheque, bonds or other types of financial instruments into cash.

Often appears as...

  • encashment of cheque
  • encashment of bonds

Usage tips

Formal

Technical

Definition 1 of 2
Visual representation of "encashment"
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Financial Transactions

Refers to turning financial instruments into cash, often done at banks.

Illustration for Financial Transactions
Upon retiring, George went through the encashment of his company shares.
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Not Instant

Encashment can take time as it often involves verification.

Illustration for Not Instant
Her encashment got delayed due to the holiday season.
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Banking Term

Used in banking, refers to a service provided by financial institutions.

Illustration for Banking Term
The officer explained the encashment procedure for my traveler's cheques.
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conversodisburseexchangeliquidatemonetizerealizationredemptionwithdrawal
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Visual representation of the word "Encashment"

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