encashment
noun /ɪnˈkæʃmənt/
/ɪnˈkæʃmənt/
[uncountable, countable] (British English, formal)- the act of exchanging a cheque, etc. for money
把(支票等)兑现;把…变为现钱 - Penalties may be charged for early encashment of the policy.
提前兑现保单可能会被罚款。
- Penalties may be charged for early encashment of the policy.