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

Pronunciation

encash

/ɪnˈkaʃ//ɛnˈkaʃ/