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encashment
 

Definitions from the Web

Term: Encashment

Definition:

The process of converting a financial instrument or asset into cash.

Examples:

  1. The encashment of the cheque will take place tomorrow.
  2. Please provide your bank details for the encashment of the funds.

Synonyms:

  • Conversion
  • Redemption
  • Monetization

Related Products:

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