Cashing
/ˈkæʃɪŋ/
Definitions
- (v.) The act of converting a check, draft, or other negotiable instrument into cash by presenting it for payment.
The bank is responsible for cashing the certified check.
Related terms
See also
Commentary
In legal contexts, 'cashing' specifically refers to the presentment and payment process of negotiable instruments; clarify the instrument type to avoid ambiguity.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.