encashment Definition
the act of converting a financial instrument, such as a check or bond, into cash.
Using encashment: Examples
Take a moment to familiarize yourself with how "encashment" can be used in various situations through the following examples!
Example
The encashment of the check was delayed due to a bank holiday.
Example
Encashment of the bond can be done at any time before maturity.
Example
The company offers encashment of vacation days for its employees.
encashment Synonyms and Antonyms
Synonyms for encashment
- redeem
- cash out
- convert to cash
Summary: encashment in Brief
'Encashment' [en-kash-muhnt] refers to the process of converting a financial instrument, such as a check or bond, into cash. It is commonly used in financial contexts and can be done at any time before maturity. Examples include 'The encashment of the check was delayed due to a bank holiday.' and 'The company offers encashment of vacation days for its employees.'
