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What does encashable mean?

Looking for the meaning or definition of the word encashable? Here's what it means.

Adjective
  1. Capable of being encashed.
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Examples
In order to sell the policies people are led to believe that the policies are encashable upon diagnosis of the disease.
Human pain is not an encashable commodity.
The structures were one of the encashable family assets passed across generations and played a critical role in shaping the socio-economic developments of Brokpas.

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