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Cash
(redirected from cashes out)

   Also found in: Dictionary/thesaurus, Medical, Legal, Financial 0.01 sec.
Cash
Johnny. 1932--2003, US country-and-western singer, guitarist, and songwriter. His recordings include the hits "I Walk the Line" (1956), "Ring of Fire" (1963), "A Boy named Sue" (1969), and the American Recordings series of albums (1994--2003)


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For example, an employee who cashes out $5,000 from his or her retirement plan at age 25 may potentially be sacrificing $75,000 at retirement1, yet he or she only receives a small amount--perhaps only $3,500--from the cash out due to taxes and penalties.
 
 
 
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