Definition

1. Adjective:
   • Able to be converted into ready money or its equivalent: Describes something, typically a financial instrument, voucher, or token, that can be exchanged for its full monetary value in cash or a direct cash equivalent.

Examples of Usage

• Adjective:
  • The casino only accepts cashable chips at the cashier's desk.
  • Please ensure your check is cashable at any major bank.
  • This bond becomes cashable upon maturity next month.

Advanced Usage

• "Easily cashable": Emphasizes that the conversion to cash is simple and without significant barriers.
  • The traveler's checks were easily cashable at airports worldwide.
• "Non-cashable": The opposite, meaning something cannot be converted to cash (often used for promotional offers or certain bonus features).
  • The bonus from the online betting site was non-cashable and could only be used for further wagers.

Variants and Related Words

• Cash (verb): To exchange (a check, bond, chip, etc.) for money.
  • I need to cash this check at the bank.
• Cashability (noun): The quality of being cashable.
  • The cashability of these vouchers is limited to one year.

Synonyms

• Redeemable: Capable of being exchanged for something of value, often money or goods.
• Convertible: Able to be changed into a different form, especially into cash.
• Liquid (in finance): Describing an asset that can be quickly converted to cash with minimal loss of value.

Antonyms

• Non-cashable: Not convertible into cash.
• Non-redeemable: Cannot be exchanged for value.
• Illiquid (in finance): Not easily sold or converted into cash without a substantial loss in value.

Adjective

1. able to be converted into ready money or the equivalent
   • a cashable check
   • cashable gambling chips
   • redeemable stocks and bonds
   • a redeemable coupon