Cashable

The adjective 'cashable' describes something that is able to be exchanged for cash. It signifies the ability to convert an asset, instrument, or value into physical money or its equivalent. This often implies a degree of liquidity, meaning the asset can be readily and easily converted to cash without significant loss of value. It is an important term in finance and business, encompassing items like checks, coupons, and certain investments which can be converted to a liquid form. cashable items are generally designed with the intention of their eventual conversion to cash.

Cashable meaning with examples

• The winning lottery ticket was immediately cashable at the designated redemption center. The winner, thrilled with their sudden fortune, swiftly presented the ticket and received the full amount. The process was quick and efficient, turning a piece of paper into a significant sum of cash. This transaction exemplified the direct 'cashable' nature of the prize.
• After the successful completion of the project, the company received a series of cashable performance bonuses. These bonuses, awarded for exceeding expectations, provided immediate financial reward for the team. The team members could choose to directly cash the bonuses. This enhanced the employee incentives that came with such achievements and provided immediate financial relief.
• The traveler carefully reviewed their vouchers to ensure all were cashable at the destination. Planning ahead, they wanted to utilize the vouchers as a substitute for currency. Confirming their 'cashable' status, they saved themselves from the risk and inconvenience of carrying a larger sum of money. Knowing a range of cashable options provided peace of mind.
• The bond, held as a long-term investment, reached its maturity date, becoming finally cashable. With the investment period complete, the bondholder received the principal and the accrued interest. It showed that holding on to the investment was rewarding, demonstrating the eventual 'cashable' characteristic of the financial instrument.