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![]() ATTENTION Lending Institutions MAI or not to MAI ! Updated June 2006 |
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21.How is the new definition different from what is in a dictionary? The new USPAP definition of credible, worthy of belief is not really different from common usage. The context for use of the term in USPAP is explained in the Comment to the definition: credible assignment results require support, by relevant evidence and logic, to the degree necessary for the intended use. |
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