Encashment
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.
Often appears as...
- encashment of cheque
- encashment of bonds
Usage tips
Formal
Technical
noun
The act of receiving payment for work.
He received encashment for his overtime hours.
Often appears as...
- encashment of overtime
- encashment of leaves
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.
Often appears as...
- encashment of cheque
- encashment of bonds
Usage tips
Formal
Technical
noun
The act of receiving payment for work.
He received encashment for his overtime hours.
Often appears as...
- encashment of overtime
- encashment of leaves
Definition 1 of 2
Pro Tip 1/3Financial Transactions
Refers to turning financial instruments into cash, often done at banks.
Upon retiring, George went through the encashment of his company shares.
Pro Tip 2/3Not Instant
Encashment can take time as it often involves verification.
Her encashment got delayed due to the holiday season.
Pro Tip 3/3Banking Term
Used in banking, refers to a service provided by financial institutions.
The officer explained the encashment procedure for my traveler's cheques.
Pro Tip 1/3Financial Transactions
Refers to turning financial instruments into cash, often done at banks.
Upon retiring, George went through the encashment of his company shares.
Pro Tip 2/3Not Instant
Encashment can take time as it often involves verification.
Her encashment got delayed due to the holiday season.
Pro Tip 3/3Banking Term
Used in banking, refers to a service provided by financial institutions.
The officer explained the encashment procedure for my traveler's cheques.
Pro Tip 1/3Financial Transactions
Refers to turning financial instruments into cash, often done at banks.
Upon retiring, George went through the encashment of his company shares.
Pro Tip 2/3Not Instant
Encashment can take time as it often involves verification.
Her encashment got delayed due to the holiday season.
Pro Tip 3/3Banking Term
Used in banking, refers to a service provided by financial institutions.
The officer explained the encashment procedure for my traveler's cheques.
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