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"Securities" means stocks, bonds (including government bonds and Treasury bills), stock options, futures contracts, debentures, mutual funds, money market funds, promissory notes and other financial instruments of any kind.

Unlike bank accounts, jointly held securities are not presumed to belong entirely to the applicant or his or her spouse. Rather, they are presumed to be owned by those persons in whatever percentage appears on the ownership certificate. A different percentage of ownership may be accepted if the applicant can prove that the securities actually belong to someone else.

Securities that are traded publicly are valued as of the most recent closing bid price. Securities that cannot be traded are valued at whatever equity value they may have. If there is no market for a security and it has no equity value, or if it cannot be reached for some reason, it is not considered countable.

     
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