Cashout

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Cashout

Occurs when a firm runs out of cash and cannot readily sell marketable securities.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in classic literature ?
The argument of the Republic is the search after Justice, the nature of which is first hinted at by Cephalus, the just and blameless old man-- then discussed on the basis of proverbial morality by Socrates and Polemarchus--then caricatured by Thrasymachus and partially explained by Socrates--reduced to an abstraction by Glaucon and Adeimantus, and having become invisible in the individual reappears at length in the ideal State which is constructed by Socrates.
For the plan grows under the author's hand; new thoughts occur to him in the act of writing; he has not worked out the argument to the end before he begins.
"By all means," cried Bingley; "let us hear all the particulars, not forgetting their comparative height and size; for that will have more weight in the argument, Miss Bennet, than you may be aware of.
But at the most exciting stage of the argument, for no reason that Katharine could see, all chairs were pushed back, and one after another the Denham family got up and went out of the door, as if a bell had summoned them.
For some time they continued the argument, and then the intervals between one statement and the next became longer and longer, and they spoke more speculatively and less pugnaciously, and at last fell silent.
"I've won?" she repeated, thinking of the argument.
And has the argument which was once good now proved to be talk for the sake of talking--mere childish nonsense?
But now, since the argument has thus far prevailed, the only question which remains to be considered is, whether we shall do rightly either in escaping or in suffering others to aid in our escape and paying them in money and thanks, or whether in reality we shall not do rightly; and if the latter, then death or any other calamity which may ensue on my remaining here must not be allowed to enter into the calculation.
Now and then, losing his calm as he felt himself more and more foolish, Hayward became abusive, and only the American's smiling politeness prevented the argument from degenerating into a quarrel.
The latter did not even take the pains to refute the arguments of his rival.
The same idea, tracing the arguments to their consequences, is held out in several of the late publications against the new Constitution.
* Oral argument helps assure the litigants that they have received their "day in court," reflecting the personal attention and investment of the panel hearing the argument.