cash out vt1 : to prematurely redeem the securities of (a holder) often as part of a merger [the merging company will cash out the minority shareholders]
2 a : to accept payment for (a security) in full often unwillingly [the shareholders were required to cash out their shares]
b : to dispose of (one's goods or assets) by sale [cashed out his investment]
Source: Merriam-Webster's Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.