Countable asset definition
Countable asset means an asset to be considered in calculation of member support obligation.
Countable asset means a resource that is available to meet the immediate and urgent needs of a Household, and includes: cash and funds on prepaid debit cards, money in a checking or savings account (health savings accounts, educational funds, and burial accounts are excluded), stocks or bonds, U.S. Treasury bills, money market funds, and retirement accounts provided there are no penalties or fees for withdrawals.
Countable asset means the following:
More Definitions of Countable asset
Countable asset means a resource that is available to meet the immediate and urgent needs of a Household, and includes: cash and funds on prepaid debit cards, money in a checking or savings account (health savings accounts, educational funds, and burial accounts are excluded), stocks or bonds, U.S. Treasury bills, money market funds, and value of real estate in excess of that considered necessary and appropriate for the Household’s primary residence and the lot it occupies.