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Property is a term that is used to refer to immovable items like Land, Residential home, business buildings etc. Cash in a bank account is usually considered an asset but isnt termed as property. Even other investments like gold, diamonds etc are only referred to as assets and not as propery.

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13y ago

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Is a bank account tangible property?

Yes. A Bank account is the personal property of the person who owns and operates the bank account. It will be considered an asset for the account owner. Anything that has a monetary value and belongs to someone is called an asset. Since a bank account is worth as much money that is in the account and belongs to a customer, it is the personal property of that person.


Is a bank account tangible personal property?

Yes. A Bank account is the personal property of the person who owns and operates the bank account. It will be considered an asset for the account owner. Anything that has a monetary value and belongs to someone is called an asset. Since a bank account is worth as much money that is in the account and belongs to a customer, it is the personal property of that person.


Is anything aquirred after your spouse moves out of the house considered separate property?

That depends on whose money (what bank accounts) are being used. If your using your personal bank account but the bank account still has funds from both parties in it-


Is the interest earn t in a bank account classed as an investment?

Interest earned in a bank account is not an investment. It is considered an income. The money that you have in the bank account that earned the interest for you is considered the investment


Can a landlord have a bank account frozen when a tenant vacates the property and owes money?

No a landlord can not have a bank account frozen. The landlord must file a suit in court to get back any money owed to them.


Is it possible to withdraw money from a bank account that does not belong to you?

No, it is not legal or ethical to withdraw money from a bank account that does not belong to you. Doing so is considered theft and can result in serious consequences.


Is it possible for me to withdraw money from a bank account that does not belong to me?

No, it is not legal or ethical to withdraw money from a bank account that does not belong to you. Doing so is considered theft and can result in serious legal consequences.


Deposited money in bank is cr or dr?

When you deposit money into a bank account, it is considered a credit transaction. This is because you are increasing the balance in your account, which is a credit to your account. From the bank's perspective, they are also increasing their liabilities by owing you that money, which is recorded as a credit on their books.


Can I wire money from my bank account to another account?

Yes, you can wire money from your bank account to another account.


Is bank account an asset?

Yes, bank account is an asset (provided it is not a loan or credit card account). Since a Bank account is a place where we deposit and keep money, it can be considered an asset. (And this is only as long as you have cash in your account. If your account balance is 0 it is not an asset)


How do you put money on an account?

Walk into an ATM and deposit the money into your bank accountWalk into the bank branch (any bank that you have an account with) and deposit the money into your bank account


How you get interest rate?

First you need a bank account and money you put the money in the bank account, wait for a year or two and then you get more money in your bank account