The IMA Standards of Ethical Practice Include Confidentiality,competence,credibility,and Integrity

question 51

True/False

The IMA Standards of Ethical Practice include confidentiality,competence,credibility,and integrity.

---

Definitions:

Amortized Loan

A loan with scheduled periodic payments that cover both principal and interest over the loan's term until it is paid off at maturity.

Monthly Mortgage Payment

The amount paid by a borrower to a lender each month, which includes principal and interest on a mortgage loan.

Borrowed

Borrowed refers to funds or items taken on loan from another party, which are expected to be returned or paid back under agreed-upon conditions.

Amortized

The process of spreading out a loan or debt into a series of fixed payments over time, gradually reducing the balance.