cashing
v.v. exchanging a check or a voucher for actual money. You do this at a bank or a store to get cash in your hand.
v. exchanging a financial instrument, such as a cheque or money order, for its equivalent value in physical currency. Present participle of 'cash'; functions as the head of a progressive verb phrase or as a gerund.
He is cashing his paycheck at the bank right now.
The store manager refused to continue cashing personal checks after several of them were returned by the bank.
By cashing his stock options during the market peak, the executive managed to secure a significant profit before the subsequent economic downturn.
The verb is transitive and requires a direct object, typically a financial document.
I am cashing my moneyI am cashing my checkYou cash a document (check, voucher, bond) to receive money; you do not 'cash' the money itself.