TN 33 (02-92)
SI 01110.300 Determining the Liquidity/Nonliquidity of Resources
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
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.
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.
Liquidity/nonliquidity has no effect on a resource's countability.
Liquid resources verification tolerance, SI 01140.010C.