encashment

Noun

Meaning

The payment in cash of a note, draft, etc.

Source: Webster's dictionary

Synonyms

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Antonyms

Examples

It said: “An employee can avail the scheme utilising the applicable LTC fare without opting for leave encashment. Source: Internet

McLean is being accused of facilitating the encashment of fradulent cheques, but Nelson maintained yesterday that the prosecution had failed to prove that the cheques were, in fact, fradulent and that his client knowingly conspired with other accused. Source: Internet

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