cash out(redirected from cashed out)
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1. To sell an asset in exchange for money, often during times of hardship. I had so many legal expenses that I had to cash out by selling my house and moving into a studio apartment.
2. To count the money that a business has earned at the end of the business day. Your shift was over an hour ago, so you guys go on home—I'll cash out.
3. To pursue a simpler or calmer lifestyle, often by changing one's job or retiring from work altogether. Come on, you're 70 years old! It's time for you to cash out and spend more time at your vacation home.
4. To withdrawal funds from a bank or retirement account, perhaps depleting it. Sheila had saved so much money over the years that she finally cashed out and moved to an island. You're too young to cash out your 401(k) without incurring penalties.
5. To exchange one's chips for money after gambling. You should cash out now while you're ahead, before you start losing again.
1. To count the money made by a business at the end of the day: When the last customer leaves the store, the owner locks the doors and cashes out.
2. To sell some asset in order to have access to cash: Some farmers are tempted to cash out by selling their valuable land.