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Definition of 'Safe Deposit Box'
A box - usually located inside a bank - which is used to store valuables. A safe deposit box is rented from the institution and can be accessed with keys, pin numbers or some other security pass. Valuables such as documents and jewelry are placed inside and customers rely on the security of the building to protect those valuables.
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Investopedia explains 'Safe Deposit Box'
The contents of a safe deposit box are not insured in the same way bank deposits are. The Federal Deposit Insurance Corporation insures cash deposits up to a certain limit, but due to the fact that there is no way to verify the contents of a safe deposit box, banks will not insure their contents. Also, if heirs are not told about the location of the drawer, upon non-payment, the box is considered abandoned, and its contents are turned over to the state's unclaimed-property offices for auction.
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Search results for 'Safe Deposit Box'
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http://financialedge.investopedia.com/financial-edge/1011/What-You-Need-In-A-Financial-Survival-Kit.aspx
... There are many documents you will need to help you recover after a disaster strikes,
most should be kept in the fire-proof safe or safe deposit box. ...
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http://www.investopedia.com/university/estate-planning-guide/estate-planning2.asp
... to help direct your executor with the payment of potential estate taxes, possibly
with life insurance proceeds, cash in a safe-deposit box, brokerage account ...
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http://www.investopedia.com/articles/pf/08/switch-bank-accounts.asp
... Empty your safe deposit box at the old bank, if you have one. When all
outstanding checks and scheduled payments have cleared and ...
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http://www.investopedia.com/slide-show/estate-planning-must-do-list
... The original should be given to your estate administrator, the second copy should
be given to your spouse and placed in a safe deposit box, and the last copy ...
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http://www.investopedia.com/articles/retirement/10/estate-planning-checklist.asp
... administrator (we'll talk about him or her later in the article), the second copy
should be given to your spouse and placed in a safe deposit box, and the last ...
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http://www.investopedia.com/slide-show/estate-planning-must-do-list/memberships-list.aspx
... The original should be given to your estate administrator, the second copy should
be given to your spouse and placed in a safe deposit box, and the last copy ...
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http://www.investopedia.com/slide-show/estate-planning-must-do-list/physical-items.aspx
... The original should be given to your estate administrator, the second copy should
be given to your spouse and placed in a safe deposit box, and the last copy ...
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http://www.investopedia.com/slide-show/estate-planning-must-do-list/assign-tod-designations.aspx
... The original should be given to your estate administrator, the second copy should
be given to your spouse and placed in a safe deposit box, and the last copy ...
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http://www.investopedia.com/slide-show/estate-planning-must-do-list/credit-cards-debts.aspx
... The original should be given to your estate administrator, the second copy should
be given to your spouse and placed in a safe deposit box, and the last copy ...
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http://www.investopedia.com/articles/pf/09/teaching-partner-household-finances.asp
... Put your list in a safe deposit box at the bank. Make sure your significant other
has a key and is listed with the bank as being allowed to access the box. ...
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