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4. Investments

Certificate of Deposit Publicly Traded Stocks and Mutual Funds Bonds Definition A time deposit that limits holders from withdrawing funds on demand without penalty. It is still possible to withdraw the money. •Stocks: Share of the value of a company which can be bought, sold or traded as an investment.

•Mutual Fund: Collection of stocks and/or bonds.

An investment in which an investor loans money to an entity (corporate or governmental) that borrows the funds for a defined period of time at a fixed interest rate. e.g., savings bonds. Verification Source Certificates of Deposit will be verified electronically if available through the Asset Verification System (AVS).

The most current quarterly or monthly (if available) statement. Statement should include: • Client name. • Financial institution name. • Date. • Account number (at least the last 3 digits). • Account balance. • If needed, a conference call may be made to the financial institution to obtain the information.

Most current quarterly or monthly (if available) statement. A copy of the bond(s). When to Verify •At initial and renewal applications. •If the client reports a change that affects eligibility.

•At initial and renewal applications. •If the client reports a change that affects eligibility. •At initial application and renewal applications. •If client reports change that affects eligibility. Exemptions, Disregards and Comments These funds are considered an available resource even though there is a penalty for withdrawal. Current stock exchange fair market value of the share(s) with verification of the amount of shares held by client may be used. N/A

Questions to Consider •Do you have any investments that have not been cashed in? •Do you have any investments that have not been cashed in? •Do you have any investments that have not been cashed in?