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受到处罚。
- Penalties may be charged for early encashment of the policy.