Cashed

To convert something into money, especially a check or other financial instrument. It implies the successful exchange of a non-cash item for actual currency. It can also describe the act of paying a debt or fulfilling a financial obligation. The implication is often one of finality, a closed transaction. The action usually involves visiting a bank, financial institution or dedicated payment processing facility to complete the exchange. The term highlights the liquidity gained by transforming an asset into immediate spendable funds.

Cashed meaning with examples

• After receiving the large settlement check, she immediately Cashed it at her local bank, eager to put the money into her savings account. She needed to start earning some interest quickly to regain the momentum that she once had in her finances. Now she was ready to put a big dent in her debt.
• The small business owner needed to **cash** the checks from her biggest customer as soon as they were received to cover the payroll for the next week. If she could not, then she was going to get hit by a penalty. After completing her banking, she felt so much more at ease.
• The gambler, flush with a winning streak, couldn't wait to **cash** out his chips at the casino. He walked out with a bulging wallet ready to enjoy his winnings, but also, had the discipline to not get too involved in it all. His plan was to go back home and start making things happen with his new found funds.
• Unable to afford his meal, he borrowed the money and when he received his paycheck, he Cashed his cheque to quickly pay back his friend for lunch. The money had been given with an honest purpose, and was quickly taken care of. Then, they had more time to continue their conversation.