encash

encash
encash en‧cash [ɪnˈkæʆ] verb [transitive]
FINANCE INSURANCE to exchange a cheque, bond, or other investment for cash:

• After the payment of one full year's contribution you may encash your bond at any time.

— encashment noun [uncountable] :

• The encashment value of a Personal Equity Plan should be far greater than an endowment plan.

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encash UK US /ɪnˈkæʃ/ verb [T]
to exchange a cheque or a financial product such as a bond for money: »

If you encash your investment before the end of the term, you pay a £30 administration fee.

encashment noun [C or U]
»

The bonus will be paid on encashment of the bonds.

»

Early encashments will result in a lower rate of interest.


Financial and business terms. 2012.

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Look at other dictionaries:

  • Encash — En*cash , v. t. (Eng. Banking) To turn into cash; to cash. Sat. Rev. [1913 Webster] …   The Collaborative International Dictionary of English

  • encash — UK [ɪnˈkæʃ] / US verb [transitive] Word forms encash : present tense I/you/we/they encash he/she/it encashes present participle encashing past tense encashed past participle encashed British formal to exchange a cheque for money …   English dictionary

  • Encash Network Service — Encash Network Services, or ENS, is an interbank network that connects the ATMs of four rural banks in the Philippines, eventually aiming to expand to include all rural banks in the Philippines. Its main competitor is Nationlink, which caters to… …   Wikipedia

  • encash — transitive verb Date: 1861 British cash • encashable adjective, chiefly British • encashment noun, chiefly British …   New Collegiate Dictionary

  • encash — verb To convert a financial instrument or funding source into cash …   Wiktionary

  • encash — en·cash || ɪn kæʃ v. turn into cash; cash …   English contemporary dictionary

  • encash — verb Brit. convert (a cheque, bond, etc.) into money. Derivatives encashable adjective encashment noun …   English new terms dictionary

  • encash — en·cash …   English syllables

  • encash — /ɪn kæʃ/ verb to cash a cheque, to exchange a cheque for cash …   Dictionary of banking and finance

  • encash — v.tr. Brit. 1 convert (bills etc.) into cash. 2 receive in the form of cash; realize. Derivatives: encashable adj. encashment n …   Useful english dictionary

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