What is cashed?

"Cashed" refers to the act of converting a check or other negotiable instrument into cash. When a check is presented at a bank or other financial institution, the institution may choose to "cash" it, which means they will give the customer the full value of the check in cash. This is different from depositing a check, which means the funds are credited to the customer's account but not immediately available as cash.

"Cash" is also used as a noun to refer to physical currency in the form of bills and coins. People often use cash for transactions instead of credit or debit cards, which may carry fees or require verification processes. However, carrying cash can also present risks such as theft or loss.