encashment

English

Etymology

From encash +‎ -ment.

Noun

encashment (countable and uncountable, plural encashments)

1. (finance) The act of encashking; the exchange for money of a check, draft, etc.

   Synonym: cashing

   encashment of earned leave

References

• “encashment”, in Webster’s Revised Unabridged Dictionary, Springfield, Mass.: G. & C. Merriam, 1913, →OCLC.