készpénzképes

Készpénzképes is a Hungarian term that translates to "cashable" or "redeemable for cash" in English. It typically refers to financial instruments or assets that can be readily converted into physical currency.

The most common context for "készpénzképes" is in relation to checks, bills of exchange, or other forms of payment orders. A "készpénzképes csekk" (cashable check) is one that a bank will honor and provide immediate cash for upon presentation, subject to sufficient funds being available in the drawer's account and the check meeting all legal requirements. This is in contrast to a post-dated check, which is not yet payable.

The term can also extend to other negotiable instruments or even certain types of investments that can be quickly liquidated. For instance, some short-term government securities might be described as "készpénzképes" if they can be sold on the market with minimal delay and without significant loss of value.

The concept of cashability is important for liquidity and immediate financial transactions. When something is described as "készpénzképes," it implies a high degree of certainty and speed in obtaining actual money. This distinguishes it from assets that might have value but are illiquid or require a longer process to convert into cash.