Fromencash +‎-ment.

encashment (countable anduncountable,pluralencashments)

1. (finance) The act ofencashing; theexchange formoney of acheck,draft, etc.

   Synonym:cashing

   encashment of earned leave

• “encashment”, inWebster’s Revised Unabridged Dictionary, Springfield, Mass.:G. & C. Merriam,1913,→OCLC.

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