Definition of encash in English:



[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’
    • ‘This was brought home recently when a client of mine needed to encash a lump-sum investment to finance a business project.’
    • ‘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.’
    • ‘When the investment is encashed, the investment growth is liable for one tax only.’
    • ‘If he encashes them, he will have made a profit.’
    • ‘Thus it is prudent tax planning to encash these investments before returning onshore.’
    • ‘Customers will be able to deposit cash and cheques, and to encash personal cheques up to the value of their cheque guarantee card.’
    • ‘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?’
    • ‘She had paid her rent, however, and checks with her bank indicated that the cheque had been encashed fairly promptly too.’
    • ‘He therefore encashes two of his sub-policies, each worth 5,500.’
    • ‘If you aimed to invest for 10 years, the fund could then be encashed to pay for the children's third-level education.’
    • ‘He encashed a cheque and when he started distributing the cash to the staff members present in the bank he found some was missing.’
    • ‘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.’
    • ‘You should have your policy revalued by the life company and produce this valuation when it is encashed and the tax falls due.’
    • ‘He was informed that Mr. Johnson would be calling today to encash the said draft.’
    • ‘The prizes can neither be encashed nor transferred.’
    • ‘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.’
    exchange, change, convert into cash, convert into money, turn into cash, turn into money, realize, liquidate
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