Lexeme: check cashing  
Very Rare (0.01)
Definition:
  1. noun. Check cashing refers to the process of converting a paper check into cash. It is a service offered by financial institutions such as banks, credit unions, and check cashing stores. When an individual receives a check as a form of payment or has a check issued to them, they can visit a check cashing location to have the check verified and receive the corresponding amount in cash, minus any applicable fees. This service is useful for people who do not have a bank account or prefer immediate access to funds rather than waiting for the check to clear. GPT3.5
Word Forms:
  • noun. check cashing (singular), check cashings (plural)
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