Cashout

(redirected from Cashouts)

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 ?
These cashouts, she said, resulted in $81 billion in lost retirement savings in 2014.
She pointed to continued cyberattacks on financial institutions, which include distributed denial of service attacks, schemes involving ATM cashouts, commercial account takeovers, targeted phishing attacks and ransomware.
A while ago, I was on a great streak, $110 buy-in tournaments, five cashouts in a row including successive third and first-place finishes.
The incidence and amount of the principal forms of leakage from 401(k) plans--that is, cashouts of account balances at job separation that are not rolled over into another retirement account, hardship withdrawals, and loans--have remained relatively steady, with cashouts having the greatest ultimate impact on participants' retirement preparedness.
Despite the penalties imposed on individuals who take withdrawals, "we have seen a dramatic increase in cashouts," Langenwalter says.
The new edition addresses new IRS rules, the Department of Labor's regulations on automatic rollovers of involuntary cashouts, preexisting condition exclusions and the DOL safe harbor model Notice of Special Enrollment, and the Notice of Application for Extension of Unfounded Liability Amortization.
28, 2004, the Department of Labor (DOL) issued final regulations (45) implementing a fiduciary safe harbor for automatic rollovers of mandatory cashouts from tax-qualified pension plans.
While that will mean less disposable income from cashouts, home sales continue to be a robust area of the economy.
As many plan sponsors are executing risk transfer strategies this year, the fall in interest rates should lead them to re-evaluate risk management strategies for 2015 and beyond, including revisiting asset allocation and glidepath policies, as well as risk transfer opportunities such as participant cashouts or annuity buyouts.
But while about half of departing employees cash out, only about 12% of 401(k) assets is lost to cashouts, says Schmitz, because a lot of those cashouts are small accounts.
For involuntary cashouts of less than $3,500 and for distributions to participants who have reached a plan's normal retirement age, employees may waive the application of the 30-day time period by affirmatively making an election to either make or not make a direct rollover.