encashment

encashment
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:

  • Encashment — En*cash ment, n. (Eng. Banking) The payment in cash of a note, draft, etc. [1913 Webster] …   The Collaborative International Dictionary of English

  • encashment — noun see encash …   New Collegiate Dictionary

  • encashment — en cash·ment || mÉ™nt n. payment in cash; conversion of something into cash …   English contemporary dictionary

  • encashment — en·cash·ment …   English syllables

  • encashment — /ənˈkæʃmənt/ (say uhn kashmuhnt) noun the process of exchanging a non liquid asset, such as a certificate or draft, for cash …  

  • encashment — /ɪn kæʃmənt/ noun an act of exchanging for cash …   Dictionary of banking and finance

  • encashment — noun see encash …   Useful english dictionary

  • 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 …   Financial and business terms

  • Endowment policy — An endowment policy is a life insurance contract designed to pay a lump sum after a specified term (on its maturity ) or on earlier death. Typical maturities are ten, fifteen or twenty years up to a certain age limit. Some policies also pay out… …   Wikipedia

  • Banknotes of the Reserve Bank of Zimbabwe — The Banknotes of Zimbabwe are currently issued by the Reserve Bank of Zimbabwe (RBZ). It replaced the Rhodesian dollar in 1980, after the proclamation of independence within the Commonwealth of Nations, as the Republic of Zimbabwe. Three types of …   Wikipedia

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