2 Sentences With "encashes"

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When a UK resident fully encashes an offshore life insurance policy, the profit made on the policy is added to their income for that year and taxed at their marginal rate.
On 21 May 2013, just two days after finishing its league campaign, Sahara withdrew Pune Warriors India from the IPL for the second time in three years. The reason, according to BCCI, was the encashing of the team's bank guarantee after Sahara defaulted on paying the entire franchise fee. BCCI sources said that Sahara paid 20% of the franchise fee in January 2013 and had promised to pay the remaining amount by 19 May 2013 but they failed to do so.BCCI encashes bank guarantee after Pune Warriors fail to pay franchisee fee But Sahara blamed BCCI for the decision to pull out the Pune franchise from the IPL.