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Terms vs Encashment - What's the difference?

terms | encashment |

As nouns the difference between terms and encashment

is that terms is while encashment is (finance) the payment in cash of a note, draft, etc.

terms

English

Noun

(head)

    • Statistics

    * ----

    encashment

    English

    Noun

  • (finance) The payment in cash of a note, draft, etc.
    • (Webster 1913)