5150-5        DEFINITION OF RESOURCES

A resource is cash, or an asset that can be converted to cash.  Resources include the following things:

1. Real Property
   
   Land and permanent attachments to land such as minerals and timber, also structures and improvements erected to and affixed to the land such as houses, barns, garages, etc.
    

2. Personal Property
   
   Everything owned other than real property.  Personal property generally consists of things temporary and movable in nature including household goods, personal effects, savings, stocks, bonds, vehicles, livestock, tools and equipment, promissory notes, life or burial insurance polices, or pre-paid burial contracts.
    

3. Business Property
   
   Any real or personal property owned and used for the purposes of producing income, including such things as buildings, equipment, and crops.