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Cocos act like an insurance policy that can be cashed in at the appropriate moment.
Many governments also pay various social security benefits—such as pensions and family allowances through vouchers that can be cashed at post offices.
Standing up to the Nazis, an undeniably brave and good thing to have done, is treated like a moral check that can be cashed in perpetuity.
That includes shares owned outright or in tax-deferred accounts and options, both those that can be cashed in and those not yet vested.
Some companies might decide to issue options that can be cashed in only if a particular division of a company does well.
Tenants will be rewarded for good behaviour with a 10% equity share in their social rented property that can be cashed in when they buy a home.
Similar(38)
That costs a little more (it costs Valero only $1.5 to $2 more for refining sour versus sweet), but those that can are cashing in on the price difference and their stock prices reflect that.
A bank was recently set up inside the Parliament building so that checks can be cashed without fuss.
Clearly, however, these formulations are slogans at best, and it takes little effort to see that they can be cashed out in a great variety of prima facie plausible ways.
ETFs also benefit from having a very high level of liquidity, meaning that they can be cashed quickly without affecting their value substantively.
Beyond the hard assets that can be quantified the cash and factories and receivables are intangibles like trademarks, patents and ways of doing business.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com