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The "A" in the Term IDEA (Used by the SEC)stands

question 90

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The "A" in the term IDEA (used by the SEC) stands for:


Definitions:

Late Payments

Payments made to a creditor after the due date has passed.

Compounded Semi-Annually

Interest calculation method where interest is added to the principal balance of an investment or loan twice a year, leading to interest on interest.

Amortized

The process of gradually paying off a debt over a period of time through regular payments.

Mortgage Loan

A loan secured by real property through the use of a mortgage note.

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