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Definitions from the Web

Encashing

Description

Encashing refers to the process of converting or redeeming a financial instrument into cash. It typically involves exchanging a check, promissory note, or other negotiable instruments for legal tender.

Examples

Noun: Encashing

1. The encashing of the traveler's cheques can be done at most banks or authorized currency exchange bureaus.

2. The encashing of the winning lottery ticket brought great joy to the lucky contestant.

Verb: Encash

1. Please encash this check at the bank and provide me with the requested amount in cash.

2. To encash the gift voucher, simply present it to the cashier during your purchase.

Related Products

• Traveler's Cheques on Amazon
• Promissory Note on Amazon
• Negotiable Instruments on Amazon