Encashment

/ɪnˈkæʃmənt/

Definition 1 of 2

Pro Tip 1/3

Financial Transactions

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

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Upon retiring, George went through the encashment of his company shares.

Pro Tip 2/3

Not Instant

Encashment can take time as it often involves verification.

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Her encashment got delayed due to the holiday season.

Pro Tip 3/3

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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ConversionDisburseExchangeLiquidateMonetizeRealizationRedemptionWithdrawal

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