Cashout

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Cashout

Occurs when a firm runs out of cash and cannot readily sell marketable securities.

Cashout

A situation in which a person or company is cash poor and cannot meet expenses and is also unable to sell its assets easily to raise cash. A cashout often means that the person or company must resort to borrowing. See also: Cash Out Refinancing.
References in periodicals archive ?
In the ATM cash-out schemes the FFIEC warned about, criminals take control of vulnerable web-facing ATMs and reset withdrawal limits along with card balances that allow them to empty out a machine.
The court ruled that sheriff's employees who missed work because of their disability would have had no excess vacation to cash out at the end of the year because of an unwritten policy forcing individuals to take off excess vacation hours to avoid the year-end cash-out, Silver wrote.
BROWNSVILLE - The Central Linn School Board and the Linn County Sheriff's Office are investigating embattled district Superintendent Max Harrell's use of a vacation cash-out policy to recapture more than $8,000 he lost in a voluntary pay cut during a 2003-04 budget crisis.
PMI Group, another high-volume insurer, banned cash-out refinancings, limited documentation loans and all mortgages secured by investment properties in "distressed" markets.
Rajesh Bansal, assistant director general, UIDAI, said that earlier the RBI had concerns with regard to prepaid payment instruments being used for money laundering purpose and, therefore, had not allowed cash-out facility on such instruments offered by non-banking entities.
The research finds that one out of four participants in 401(k) retirement programs will either cash-out their savings before retirement - incurring substantial penalties and taxes - or forfeit them to loans.
July 22 /PRNewswire/ -- Workers who might be tempted to cash out their 401(k) savings to cope with the down economy now can get a reality check on how their decision will impact their long-term retirement security thanks to a cash-out calculator being made available by RolloverSystems Inc.
In fact the benefits from the management shift has already began show results as our customers are actively bragging about the excellent service that they are now receiving, their hassle free and faster cash-out system and their new willingness to play more at WinPalace.
In a society where less than one in five workers will likely be able to meet their needs in retirement, employers and policymakers need to work together to implement solutions that change employee behaviors and reduce cash-out rates.
He was able to cash-out his winnings faster than ever with no hassle, thanks to the recent shift in the management team at WinPalace Casino.
By facilitating and actively promoting the automatic two-way flow of assets into and out of their plans-shielding the complexity of the process from the participant-plan sponsors can make the roll-in as easy as the cash-out, stemming an enormous loss of retirement assets.
P must be thanking his lucky stars he decided to stick around for some more fun, because at time of press he had racked up a colossal cash-out of EUR90,000 - without depositing a penny over EUR21