Definition of encash in English:

encash

verb

[WITH OBJECT]British
  • Convert (a cheque, money order, bond, etc.) into money.

    ‘after the payment of one year's contribution you may encash your bond at any time’
    • ‘Indeed, had more investors paid attention to the company's poor performance, they may well have encashed their policies long before it ran in to trouble.’
    • ‘The prizes can neither be encashed nor transferred.’
    • ‘If the money is put into equities, can the money managers encash share investments freely even though your capital is locked up for five years?’
    • ‘Some products will subsequently offer investors similar maturity ‘windows’ during which they are guaranteed to receive the capital they invested, should they decide to encash the bond.’
    • ‘He therefore encashes two of his sub-policies, each worth 5,500.’
    • ‘Customers will be able to deposit cash and cheques, and to encash personal cheques up to the value of their cheque guarantee card.’
    • ‘If you aimed to invest for 10 years, the fund could then be encashed to pay for the children's third-level education.’
    • ‘If he encashes them, he will have made a profit.’
    • ‘When the investment is encashed, the investment growth is liable for one tax only.’
    • ‘You should have your policy revalued by the life company and produce this valuation when it is encashed and the tax falls due.’
    • ‘She had paid her rent, however, and checks with her bank indicated that the cheque had been encashed fairly promptly too.’
    • ‘This was brought home recently when a client of mine needed to encash a lump-sum investment to finance a business project.’
    • ‘He was informed that Mr. Johnson would be calling today to encash the said draft.’
    • ‘He encashed a cheque and when he started distributing the cash to the staff members present in the bank he found some was missing.’
    • ‘You could make a windfall profit - or you might suffer an exchange-rate loss if you encash those assets when the valuation currency is weak against your base currency.’
    • ‘Thus it is prudent tax planning to encash these investments before returning onshore.’

Pronunciation:

encash

/ɪnˈkaʃ//ɛnˈkaʃ/