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encash |
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encash [ɪnˈkæʃ]
vb
(Economics, Accounting & Finance / Banking & Finance) (tr) Brit formal to exchange (a cheque) for cash encashable adj encashment n Translations Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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No references found | When a UK resident fully encashes an offshore life insurance policy, the profit made on the policy is added to their income for that year and taxed at their marginal rate. As she only has modest income then providing the "top sliced gain" does not make her a higher rate taxpayer, she will not have any income tax to pay on the profit when she encashes the bond. 6 In selling shares when its value is historically high and increasing, the management encashes an asset when its value is perceived to be high; in buying back shares when its value is historically low, the management reduces a liability when its value is perceived to be low -- both actions are expected to enhance the price-taking shareholders' paper wealth. |
encashes |
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