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 fiscal 2018, FHA saw a 60 percent increase in "cash-out" refinancing as a percentage of all refinancings.
OTC is a very simple cash-in and cash-out method of transacting at small retailers who before the advent of BB, were limited to selling airtime for telecommunication companies along with their wares.
YET another story of a massive cash-out hits the headlines regarding the thousands of Leicester City fans who backed their team at 5,000-1, etc.
"ATM cash-out schemes are a continuing threat," said John Buzzard, manager of product management and fraud operations with FICO, the San Jose, Calif.-based credit scoring company.
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.
Freddie Mac also announced cutbacks on refinancings of mortgages where the property had secured a "cash-out" refinancing within the prior six months.
Many employers are unwilling to assume this responsibility and, thus, are avoiding the establishment of these IRAs by reducing the mandatory cash-out threshold from $5,000 to $1,000.
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.
Only 32 percent of refinancing homeowners chose to tap their equity for cash during 2003's second quarter, according to Freddie's most recent quarterly report on cash-out refinancings.
His sentiments were echoed by Andrew Henwood, CEO Foregenix who discussed ATM cash-out in details.
IN THE MONEY Implied cash-out Year by households 1998 $58 1999 $60 2000 $92 2001 $150 2002 $250-$300 * (IN BILLIONS) * PROJECTED SOURCE: CREDIT SUISSE FIRST BOSTON REPORT
Ordinarily, employers can "cash-out" employees who have less than $5,000 in a plan.