encash
Turn to currency
To encash is to convert a financial instrument into cash—cashing a check, redeeming a bond, or collecting on a policy.
The word is more common in British, Indian, and international English than American English, where simply "cash" serves as the verb: I need to encash this traveler's check before the bank closes.
Recover through payment
- monetizeConvert to revenue
- liquidateConvert assets to currency
- realizeBecome aware of
- payoutMoney distributed to recipient
settle · clear · convert · maturity · bonds · securities · certificate · voucher
Act of taking away
balance · funds · clearing · endorsement · payee · drawer · signature · counter
redeem
Recover through payment
payout · settle · clear · convert · maturity · bonds · securities · certificate · voucher · coupon
withdrawal
Act of taking away
account · balance · funds · clearing · endorsement · payee · drawer · signature · counter · passbook
compensate
Make up for
- reimburseReturn money owed
- disbursementDistribution of funds
- remunerationPayment for work done
indemnify · defray · recoup · expense · allowance · per diem · salary · wages · stipend · honorarium
- payoutspayout, disbursement, dividend, reimbursement, bonus