Meaning & use
encashment
Last updated
Meaning
noununcountable
The act of exchanging a cheque, voucher, or similar financial document for cash.
Grammar: Used as an uncountable noun: the encashment of a cheque. It rarely takes a plural.
Patterns
- encashment of a cheque
- encashment of a voucher
The encashment of the cheque took three working days.
Please allow up to five days for the encashment of your voucher.
The bank charged a small fee for the encashment of the traveler's cheque.
Common combinations
- encashment of a cheque
- The encashment of a cheque usually requires identification.
- encashment of a voucher
- The encashment of a voucher can be done at any branch.
- encashment facility
- The company offers an encashment facility for unused leave.
- encashment charges
- Encashment charges are deducted from the final amount.
Synonyms and how they differ
- cashing
- Cashing is the everyday term; encashment sounds more formal and technical.
- redemption
- Redemption is used for bonds and investments; encashment is more common for cheques and vouchers.
Word family
Commonly confused: encashment or encasement?
encashment vs encasement
Encasement means putting something in a case or covering; encashment means converting a document into cash.
Practice
The bank processed the ______ of the cheque within two days.
Choose one answer.
Encashment is the noun needed after 'the'. Encasement means covering something, and encash/encashing are verbs, not nouns.
Make it your own
Write a sentence using “encashment”, then check it and compare it with the examples above.