Negotiable, Non-Negotiable Property, and Values
Negotiable Property: Documents other than currency that are payable without restriction, such as endorsed checks, money orders, traveler’s checks, bearer checks, or bearer bonds.
Valuation: Round the values to the nearest whole dollar; use the actual cost amount or, if bearer bonds, the current market price. An unknown value = $1.00.
Non-Negotiable Property: Documents that require further action to become negotiable, such as unendorsed checks, money orders, traveler’s checks, stocks, bonds, or blank checks.
Valuation: Non-negotiable items are considered to have zero value.
Property Descriptions with Mandatory Zero Value: Credit/Debit Cards, Identity Documents, Identity, Non-Negotiable Instruments, Personal or Business Documents
NOTE: The Property Description for Gift Cards is “Other” and may have value.