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West Virginia Income Maintenance Manual Acronyms, Forms, and Glossary

West Virginia Income Maintenance Manual Page 38

Acronyms, Forms, and Glossary

Term Definition Chapter (s) January 1, 1981. This status is covered by Section 520(e) of Public Law 96-422. Current Market Value (CMV) Also called FAIR MARKET VALUE for Chapter 5 references. The amount an asset can be expected to sell for on the open market, in the particular geographic area. Market conditions are reflected in an asset's CMV. 5 Customer Service Representative (CSR) The CSR for the EBT vendor who is reached through the IVRU toll-free number also referred to as the EBT Helpline. This person has the ability to replace or deactivate lost, stolen or damaged cards and to file a claim on behalf of a client regarding transactions. 1 Debt Any form of legal indebtedness against an asset, such as mortgages, liens, loans, purchase contracts and security interests. For purposes of establishing equity value, a debt must be legally recognized as binding on the individual who holds the asset. 5 Dedicated Account An SSI recipient, who is under age 18 and who has a representative payee, may have a dedicated account, so that back SSI payments can be deposited directly into the account. SSA regulations require that certain such payments be directly deposited. Other payments of the same type are not required to be deposited directly into the account but may be deposited in the dedicated account at the discretion of the representative payee. SSA places certain restrictions on the use of the funds deposited into these accounts. SSI representative payees receive notification from SSA that a dedicated account must be established and also receive notification when an SSI back payment amount is directly deposited. 5 Deduction A specific amount subtracted from income. Allowable deductions are different, depending upon the program involved. 4 Deeming The process by which the treatment of income of individuals, not included in the assistance group (AG), but living in the home, is counted for the AG, whether or not the income is actually made available. There are two methods by which this may be accomplished: by treating the deemor's income as if he were included in the AG or by allowing for the needs of the deemor, as well as the needs of others for whom he is 4