套现

套現

tàoxiàn

verb

Meanings

1 to cash out
2 to convert an asset to cash

Characters

to extract / cover

cash (abbr. of 现金)

Examples

大股东减持套现数亿元。

Dà gǔdōng jiǎn chí tàoxiàn shù yì yuán.

Major shareholders cashed out hundreds of millions by reducing holdings.

他用信用卡套现是违法的。

Tāyòng xìnyòngkǎ tàoxiàn shì wéifǎ de.

His cashing out with a credit card is illegal.

Tips

usage

Often carries a negative tone in Chinese finance media — implies an insider or founder dumping shares opportunistically. 信用卡套现 specifically refers to the illegal practice of using fake purchases to withdraw cash from credit cards.

Stroke Order

套 tào

现 xiàn