Definition of "encash" [en•cash]

• To convert a financial instrument or funding source into cash. (verb)

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• "The authority can encash the guarantees in case a carrier defaults on its payments."
• "And when I learned that acts of good, acts of good need not become tokens, tokens that encash as good feelings in return, then I, I lost my fears, my fears of not being, of not being thanked enough, of being unappreciated ... and helped freely."
• ""Even if they wanted to encash, they can't do so before a deadline stated in the contract.""