Cash out

Cash out,

Definition of Cash out:

  1. Convert an insurance policy, savings account, or other investment into money.

  2. To completely liquidate an asset. Also refers to a mortgage refinance where a borrower takes cash out of the equity of the property. For example, a borrower owing $100,000 on a property valued at $200,000 who takes a new mortgage of $150,000 has taken $50,000 cash out of the property.

How to use Cash out in a sentence?

  1. Most of them cashed out when their stock options reached a certain optimum level.

Meaning of Cash out & Cash out Definition