SNAP divides resources into liquid and nonliquid resources.
Liquid resources are resources that the household can quickly convert into cash. Liquid resources include the following:
- checking or savings accounts,
- savings certificates,
- stocks or bonds, and
- lump sum payments.
- income tax refunds, rebates, or credits;
- retroactive social security, SSI, railroad retirement benefits, or other payments;
- insurance settlements;
- refunds of a security deposit on rental property or utilities, and
- substantial lottery or gambling winnings.
Nonliquid resources are
- personal property,
- licensed and unlicensed vehicles,
- recreational properties, and
- property that is not excluded.