[ adj ]
for which money has been paid
<adj.all>
a cashed check

Cash \Cash\, v. t. [imp. & p. p. {Cashed}; p. pr. & vb. n.
{Casing}.]
To pay, or to receive, cash for; to exchange for money; as,
cash a note or an order.

cashed \cashed\ adj.
converted into currency; -- of financial instruments; as, a
cashed check.
[WordNet 1.5]