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Definition 2024

cashout

cashout

See also: cash out

English

Noun

cashout ‎(plural cashouts)

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 […]