English version

encash

From Longman Business Dictionary
Related topics: Finance, Insurance
encashen‧cash /ɪnˈkæʃ/ verb [transitive] British English FINANCEINSURANCE to exchange a CHEQUE, BOND, or other investment for cashAfter 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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