Cashable Meaning: Definition, Examples, and Translations

💵

Add to dictionary

cashable

[ˈkæʃəbəl ]

Definitions

^{Context #1 | Adjective}

banking

Capable of being converted into cash.

Synonyms

convertible, liquid, redeemable.

Which Synonym Should You Choose?

Word	Description / Examples
cashable	Used when describing an asset or instrument that can be turned into cash quickly and without significant value loss. This bond is cashable after one year, allowing investors to get their money back early. Is the prize you won cashable, or do you receive it in goods?
convertible	Used when an asset can be changed into another form, such as shares into cash or another type of security. Her convertible bond can be changed into company stock at a later date. Convertible notes can turn into equity under certain conditions.
redeemable	Used when something can be exchanged or converted, generally referring to bonds, coupons, or vouchers. This coupon is redeemable for a free coffee at any of our locations. The bonds are redeemable at face value upon maturity.
liquid	Used to describe assets that can be quickly and easily sold or converted into cash without losing value. The company's assets are highly liquid, making it easy to cover short-term liabilities. Investors prefer liquid assets to ensure they can access their money whenever needed.

Examples of usage

The certificate of deposit is cashable at any time.
The check is not cashable until next week.

^{Context #2 | Adjective}

business

Denoting a financial asset that can easily be sold or exchanged for cash without significant loss of value.

Synonyms

liquid, marketable, realizable.

Which Synonym Should You Choose?

Word	Description / Examples
cashable	Used when referring to something that can be easily converted to cash, especially checks or financial instruments. The check is cashable at any bank This certificate is cashable after a year
liquid	Commonly used in finance to describe assets that can be quickly converted to cash without losing value, such as stocks or bonds. He made sure to keep some liquid assets for emergencies The company's liquid assets include cash and cash equivalents
marketable	Used when describing goods, securities, or skills that can be easily sold or marketed. Her marketing skills made her highly marketable in the job market These bonds are marketable and can be easily sold in the secondary market
realizable	Refers to assets or opportunities that can be converted into cash or benefits, often with some effort or over a period of time. The land is realizable after obtaining the necessary permits The company's realizable assets were greater than initially estimated

Examples of usage

The stocks are considered cashable investments.
The bond is not very cashable in the current market.

Translations

To see the translation, please select a language from the options available.

Interesting Facts

Financial Terminology

Cashable items include checks, gift cards, and certain insurance policies that can be converted into cash.
In finance, cashable assets are important because they can be easily used for transactions or emergencies.

Legal Aspects

Certain forms of payment, like cheques, become cashable once they are endorsed or signed by the payee.
The legal standing of cashable items can vary by jurisdiction, influencing how and when they can be exchanged.

Cultural Perspectives

In many cultures, cash is preferred for transactions, making cashable options more desirable than credit.
Gift-giving customs often revolve around cashable items, such as gift cards, ensuring the recipient can obtain what they truly want.

Business Practices

Companies often issue cashable bonds or securities to raise funds, which investors can later redeem for cash.
In accounting, businesses keep track of their cashable assets to manage liquidity effectively.

Origin of 'cashable'

Main points about word origin

The word combines 'cash' from Middle French 'cas', which means money, and the suffix '-able', indicating capability.
It originated in the early 20th century, as modern banking and monetary systems evolved.

The word 'cashable' is derived from the noun 'cash', which has its origins in Middle French 'caisse' meaning 'money box'. The suffix '-able' is used to form adjectives indicating capability or possibility. The term gained popularity in the banking and financial sectors to describe assets or instruments that are easily convertible into cash without significant loss of value.