Unclaimed property is any intangible asset that is held, issued or owing in the ordinary course of a holder’s business that has remained unclaimed by the owner for a statutory period of time after it became payable or distributable. Some examples of unclaimed assets are:
- Outstanding payroll and vendor checks.
- Matured certificates of deposit.
- Savings and checking accounts.
- Uncashed dividends.
- Unclaimed securities.
- Principal on debt.
- Uncashed money orders, cashiers checks, travelers checks, and other official checks.
- Unreturned and unused security deposits.
- Accounts receivable credit balances and discounts due.
- Escrow balances.
- Property held by courts and other governmental entities.
- Amounts due under terms of insurance policies
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