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📩 FREE State Funds Cold Calling Script Today 📋📞↙️ https://www.surplusfunds101.com/freec... Unclaimed Property Business: Top 8 Key Terms To Understand. 1.) Unclaimed Funds: refer to money or other financial assets that have been abandoned or forgotten by their rightful owners for an extended period. These funds can originate from various sources, such as: Unclaimed Bank Accounts, Insurance Policies & Securities. 2.) Recovery Agent: An individual or business that assists owners in reclaiming their unclaimed property, often for a fee or percentage of the recovered funds. Also might be know as a Heir Finder or Locator depending on what State they are working in. 3.) Claimant: A person or entity filing that owns the Unclaimed Funds account that's hired you on their behalf to recover it for them. 4.) Holder: The entity (such as a bank, corporation, or government agency) in possession of unclaimed property. 5.) Due Diligence: The efforts required by the holder to locate and notify the rightful owner before the property is escheated to the state. 6.) Escheatment: The process by which unclaimed property reverts to the state after a specified period of inactivity. 7.) Dormancy Period: The period during which property must remain inactive before it is considered unclaimed and eligible for escheatment. 8.) State Unclaimed Property Office: The government office responsible for administering the unclaimed property program, processing claims and handling disbursement payouts to either Claimants or Locators. LIKE SURPLUS FUNDS 101 AND WANT TO LEARN MORE ABOUT STATE FUNDS & ASSET RECOVERY ? HERE ARE SOME NEXT STEPS... 1. SUBSCRIBE: / surplusfunds101 LEGAL & EARNING DISCLAIMER: I'm not an attorney, please consult your own prior to using for making any decision with the information given. The statements in this video are not to be interpreted as a promise or guarantee of earnings. As with any business, your results will vary and will be based on your desire, dedication, effort, ability to follow directions, and an infinite number of variables beyond our control.