cash-out

[kash-out]

noun

1. Also cashout a direct cash payment or a cash profit or remainder.

   The store owner lived on a cash-out of fifty dollars a day.

2. a payment of winnings or a cashing in of chips, as in a casino.

3. cash-in.

Example Sentences

In the second quarter, borrowers doing cash-out refinancings took on a rate 1.45 percentage points higher than their in-place mortgage and raised their monthly payment by $590 in order to withdraw $94,000 of cash on average.

Read more on The Wall Street Journal

The interest payments on a cash-out refinancing are deductible if the money is used for home improvements, which is also the case for interest on a home-equity line of credit.

Read more on The Wall Street Journal

Corrections & Amplifications The interest payments on a cash-out refinancing are deductible if the money is used for home improvements.

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The plaintiffs’ lawyers would also be paid from the eventual sale or cash-out; they said they would ask for no more than 39 percent of the amount received by the class.

Read more on New York Times

Others have borrowed against their homes to put cash in their pockets, either with a reverse mortgage, home equity loan or cash-out refinance.

Read more on Seattle Times

Related Words

• convert 
• pay off 
• quit 
• reimburse 
• repay 

When To Use

What does cash out mean?

To cash out is to exchange something, such as casino chips or stocks, for money, as in Jorge had to cash out his retirement fund when he lost his job and couldn’t find another.Cash out is typically used in casinos, which use items such as chips or tokens to represent money you’ve won or paper slips that keep a tally of the money you’ve won. When you’re done gambling, you cash out by exchanging the items or paper slips for money. You can also cash out stocks, bonds, and similar investment products. Instead of exchanging chips or paper slips, you’re exchanging your share of ownership in the thing you purchased for the money your ownership represents. When referring to an exchange for money, you can also use cash in.To cash out also means to balance a cash register at the end of a work shift. When you cash out your register, you count all of the money in the register and all of the money spent with credit or debit cards to make sure the sum matches the cost of products sold.Example: Tanya always cashes out her register by adding the money on a piece of paper.