encash

encash

A customer goes to the bank to encash a check.

Definition
  1. Verb (transitive):
    • To convert into cash: "encash" means to exchange a financial instrument (such as a cheque, bond, or promissory note) for its equivalent in money, typically at a bank or financial institution.
Usage Examples
  • (He exchanged the cheque for cash.)
  • (The company converted the bond into money.)
  • (She was unable to exchange it for cash due to missing identification.)
Advanced Usage

  • "to encash a dividend warrant": to convert a dividend payment order into cash.

    • Investors must encash their dividend warrants within the specified period. (They must exchange the warrant for cash before it expires.)

  • "encashment of a financial instrument": the formal process of converting a negotiable instrument into cash.

    • The encashment of the promissory note was completed at the main branch. (The conversion to cash was finalised.)
Variants and Related Words

  • Encashment (noun): the act or process of converting something into cash.

    • The encashment of the cheque was delayed due to a holiday. (The conversion to cash was postponed.)

  • Encashable (adjective): able to be converted into cash.

    • This bond is encashable at any time before maturity. (It can be exchanged for cash.)
Synonyms

  • Cash: to convert a cheque or other financial instrument into money.

    • Please cash this cheque for me. (Please give me money for this cheque.)

  • Redeem: to exchange a bond, voucher, or coupon for cash or goods.

    • He redeemed his savings bond at the bank. (He exchanged it for cash.)

  • Liquidate: to convert assets into cash.

    • The company liquidated its holdings to pay off debts. (It converted them into cash.)
Related Idioms
  • "Encash a windfall": to convert an unexpected financial gain into cash.
    • She decided to encash the inheritance immediately. (She turned the unexpected money into cash.)
Notes on Usage
  • "Encash" is primarily used in British English and formal financial contexts. In American English, cash is the more common term for this action (e.g., "cash a cheque").
  • The word is less common in everyday conversation and appears more frequently in legal, banking, or official documents.