TN 33 (02-92)

SI 01110.300 Determining the Liquidity/Nonliquidity of Resources

A. Policy

1. Definitions

  • Liquid resources are any resources in the form of cash or in any other form which can be converted to cash within 20 workdays.

  • Nonliquid resources are any resources which are not in the form of cash and which cannot be converted to cash within 20 workdays.

  • Workdays are any days other than Saturdays, Sundays, and Federal holidays.

2. Significance of Liquid/Nonliquid Distinction

  1. Liquid resources do not qualify for exclusion as property essential to self-support unless they represent necessary assets of a trade or business. See SI 01130.500 B.3.

  2. An individual who is ineligible solely because of excess resources cannot qualify for conditional benefits unless countable liquid resources are within a certain limit. See SI 01150.200 B.1.a.

  3. Liquidity/nonliquidity has no effect on a resource's countability.

B. Reference

Liquid resources verification tolerance, SI 01140.010C.


To Link to this section - Use this URL:
http://policy.ssa.gov/poms.nsf/lnx/0501110300
SI 01110.300 - Determining the Liquidity/Nonliquidity of Resources - 01/30/2013
Batch run: 01/30/2013
Rev:01/30/2013