From Longman Business Dictionaryencashen‧cash /ɪnˈkæʃ/ verb [transitive] British English FINANCEINSURANCE to exchange a CHEQUE, BOND, or other investment for cashAfter the payment of one full year’s contribution you may encash your bond at any time. —encashment noun [uncountable]The encashment value of a Personal Equity Plan should be far greater than an endowment plan.
