Are certificate of deposits tangible property?

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1004602

2026-08-19 13:40

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No, certificates of deposit (CDs) are not considered tangible property. They are financial instruments representing a promise by a bank to pay a specified amount of interest over a set period, and they exist in a digital or paper format rather than as physical objects. Tangible property refers to physical assets such as real estate, vehicles, or equipment, which can be touched and moved.

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