Encashment
/ɪnˈkæʃmənt/
Definition 1 of 2
Pro Tip 1/3Financial Transactions
Refers to turning financial instruments into cash, often done at banks. 
Upon retiring, George went through the encashment of his company shares.
Pro Tip 2/3Not Instant
Encashment can take time as it often involves verification. 
Her encashment got delayed due to the holiday season.
Pro Tip 3/3Banking Term
Used in banking, refers to a service provided by financial institutions. 
The officer explained the encashment procedure for my traveler's cheques.
Compare with
ConversionDisburseExchangeLiquidateMonetizeRealizationRedemptionWithdrawal
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