Definition of encashment in English:

encashment

Pronunciation /ɪnˈkaʃm(ə)nt/ /ɛnˈkaʃm(ə)nt/

noun

British

See encash

  • ‘The umbrella approach ensures flexibility, but incurs tax on all the investments in the portfolio on encashment, regardless of the number of funds being cashed in.’
  • ‘The firm will be hoping that the move, which will reduce the value of any encashments by 10 per cent, will encourage investors not to withdraw their cash.’
  • ‘It provides tax-free investment growth but applies an exit tax of standard rate, plus 3 per cent on any gain realised on encashment.’
  • ‘No early encashment is possible, and an annualised fee of up to 1 per cent is charged.’
  • ‘Pension specialists say early encashment penalties can vary enormously, depending on how long you've been contributing to the scheme.’
  • ‘Some banks in the US may charge a cheque encashment fee.’
  • ‘The product has the attraction of not having early encashment charges, i.e. the investor can exit at any time at daily prices.’

Pronunciation

encashment

/ɪnˈkaʃm(ə)nt/ /ɛnˈkaʃm(ə)nt/