verb
- past tense and past participle of encash; converted (a check, bond, or other financial instrument) into cash
Usage: primarily British English
Examples
- She encashed her paycheck at the bank yesterday.
- The traveler’s checks were encashed at the hotel reception.
- He encashed his savings bonds to pay for the car repairs.
- The winning lottery ticket was encashed within a week.
- They encashed the insurance settlement check immediately.
- The pension fund was encashed upon retirement.