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Business Glossary-Term List

Welcome to the MISMO Business Glossary - your online source of mortgage industry business terms and data point descriptions. Follow the links provided for Term Type; Focus Area; and Source descriptions; complete terms of authorized usage; and a more detailed description of the MISMO Business Glossary.  Search tip:  Use quotes for an exact search (e.g., "keyword or phrase"). 

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Confidentiality

Data and information assets must be confined to authorized access and not be disclosed to others who do not have a need to know. Exact criteria for criticality is to be determined by each organization

Term Source: Data Governance & Management CoP (DGM)

Term Type: Process

Focus Area: #DGMFitForPurpose, #MBAGlossary

Generally Accepted Accounting Principles (GAAP)

A framework of accounting standards, rules and procedures defined by the professional accounting industry, which has been adopted by nearly all publicly traded U.S. companies.

Term Source: Data Governance & Management CoP (DGM)

Term Type: Other

Focus Area: #DGMFitForPurpose, #MBAGlossary

 

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