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and to repay the “loan” on the expiration date. a. US Savings Bonds – A bond of the US government sold at a reduced price, requiring the person to wait for a specified time to redeem at face value. The value is greatly reduced if the bond is redeemed at an earlier date. Any bank can verify the value of a US Savings Bond if given the series and the date of issuance. b. All other bonds – Contact the local bank or brokerage firm and if they cannot determine value, contact your MPR for guidance. c. Count the current market value of bonds. 2. Security Refers to, an obligation, mortgage, deposit, or lien given by a person to his creditor as a guarantee against failure of the person to pay his principal obligation. A non-marketable security is one that can only be redeemed by the holder, such as certain government bonds. a. Contact a local brokerage firm. b. Count the current market value of bonds or securities in the resource total. K. Promissory Note Although technically a liquid asset, a promissory note is treated as real property interest for verification and rebuttal purposes. A salable promissory note is a countable resource. See Item VII.A.10., VII.B.7., and VII.E. above for procedures for promissory notes. Refer to MA-2240, Transfer of Assets, IX.C., for transfer of an asset regarding a promissory note, loan, mortgage, or other property agreement. L. Countable Lump Sum Payments A lump sum is generally a non-recurring payment which covers income/benefits due for more than one month’s time. This frequently occurs with Social Security and SSI benefits. Count lump sum payments as an available resource in the month following receipt except those specifically excluded in X.C.8. above. However, if a lump sum payment is given away in the month of receipt, evaluate for transfer of assets according to MA­ 2240, Transfer of Assets. Note: Income routinely deposited other than monthly is not considered a lump sum payment. See X.C.9. above. M. Liquid Assets of a Business 75