Definition, Meaning & Synonyms
encashment
noun
/ɪnˈkæʃ.mənt/
Definition
The act of converting a financial instrument into cash.
Examples
- The encashment of the check took longer than expected.
- She completed the encashment of her bonds at the bank.
- Encashment is essential for liquidating assets quickly.
Meaning
Encashment refers to the process of turning something, like a check or a bond, into actual cash.
Synonyms
- conversion
- liquidation
- cash-out
