encashableadj.
/ɛnˈkaʃəb(ə)l/ Capable of being cashed.
ΘΚΠ
society > trade and finance > financial dealings > types of money-dealing > [adjective] > capable of being converted into cash
convertible1834
liquid1879
cashable1891
encashable1913
mobilizable1930
1913 J. M. Keynes Indian Currency & Finance iii. 42 If the Government had made its notes encashable at a great variety of centres, it would have been taking on itself the expense and responsibility [etc.].
1927 Daily Tel. 7 Mar. 2 This loan bears ½ per cent. more interest than the Savings Bonds, but whereas the latter are encashable at any time without loss of capital, the price receivable for the Conversion Loan would depend on the market value when sold.
This entry has not yet been fully updated (first published 1933; most recently modified version published online December 2018).
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adj.1913