encash

Example:He decided to encash his life insurance policy and invest the proceeds.

Definition:To put money into assets or securities with the expectation of a financial gain.

Example:She encashed her winnings and immediately withdrew the money from the ATM.

Definition:To take out (money, for example) from a financial account.

Example:He plans to encash his bonds when they mature to have some cash on hand.

Definition:To exchange bonds, shares, or other securities for cash.

Example:After her claim was processed, she was able to encash her life insurance benefit.

Definition:To assert a right to (something), especially by force or insistence.

Example:He needed to encash his long-term bond investment before it matured.

Definition:To change from one form, structure, or system to another.