What context can I use each word in?
Learn when and how to use these words with these examples!
encashing
Example
I need to encash this check before I can use the money. [encash: verb]
Example
The winner of the contest can encash their prize at the customer service desk. [encashing: gerund or present participle]
redeem
Example
I need to redeem this coupon before it expires. [redeem: verb]
Example
I have enough reward points to redeem for a free hotel stay. [redeem: verb]
Good things to know
Which word is more common?
Redeem is more commonly used than encashing in everyday language, as it has a broader range of applications and is used in various industries.
Whatโs the difference in the tone of formality between encashing and redeem?
Both encashing and redeem are formal terms used in financial contexts, but redeem is more versatile and can be used in both formal and informal contexts.
