Meaning of the word "cash in on" in English

What does "cash in on" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

cash in on

US /kæʃ ɪn ɑːn/
UK /kæʃ ɪn ɑːn/
"cash in on" picture

Phrasal Verb

1.

to make a profit from a situation, often in an opportunistic or exploitative way

Example:
They tried to cash in on the sudden popularity of the new toy.
Many businesses are looking to cash in on the holiday shopping season.
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