Definition, Meaning & Synonyms
encash
verb
/ɪnˈkæʃ/
Definition
To convert something, such as a check or a voucher, into cash.
Examples
- She decided to encash her paycheck at the bank.
- The traveler encashed his foreign currency before returning home.
- They opted to encash the gift cards instead of using them for purchases.
Meaning
Encash means to take a financial instrument and exchange it for money, usually in a bank or financial institution. This process allows individuals or businesses to obtain liquid cash from their non-cash assets.
Synonyms
- Cash
- Convert
- Redeem
- Realize
