cash in
Definition
Verb (transitive or intransitive) 1. To exchange something for its monetary value in cash: To convert a financial instrument (like a check, bond, or chip) or an asset into physical currency or its immediate equivalent in a bank account. 2. To profit from or take advantage of a situation: To obtain a benefit, often financial, from an opportunity, typically by selling something at an opportune time.
Usage and Examples
- Verb (transitive) - Exchanging for cash:
- I need to cash in this winning lottery ticket.
- She cashed in her savings bonds to pay for the trip.
- Verb (intransitive) - Profiting from a situation:
- Investors cashed in when the stock price peaked.
- The author cashed in on the success of her first novel by writing a sequel.
Advanced Usage and Nuances
- "to cash in one's chips": This idiom originates from gambling, where players exchange poker chips for money. It is often used euphemistically to mean "to die."
- After a long and successful career, the old gambler finally cashed in his chips.
- The phrase often implies a final or decisive action, converting something non-liquid into usable money.
Variants and Related Words
- Cash (verb): The base verb, meaning to give or get cash for a check or other note. (e.g., )
- Cashable (adjective): Able to be converted into cash.
- Cash-in (noun, informal): The act of cashing in, or the profit obtained from it.
Synonyms
- Redeem: To exchange for something of value, often used for bonds or coupons.
- Encash: A more formal term for converting into cash (common in British English).
- Capitalize on: To use a situation to gain an advantage (similar to the "profit from" meaning).
Phrasal Verbs and Constructions
- Cash in on [something]: This is the most common construction for the "profit from" meaning. It requires the preposition "on."
- The company is cashing in on the latest health trend.
- He cashed in on his fame by starting a clothing line.
Related Idioms
- Cash cow: A business, product, or asset that generates a steady, reliable flow of income or profit.
- The classic textbook became a cash cow for the publisher.
- Hard cash: Physical money in the form of bills and coins.
- They demanded payment in hard cash.
Verb
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exchange for cash
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I cashed the check as soon as it arrived in the mail
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