cashout

See also: cash out

English

Etymology

cash +‎ out

Noun

cashout (plural cashouts)

  1. The act of cashing out.
    • 1993, Ray Schmitt, The Future of Pensions in the United States, page 61:
      Those concerned about retirement security have proposed outlawing these lump sum cashouts, or favor higher penalties if cashouts are not transferred to another retirement savings plan […]

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