CIA #2 Vocab

Front

FAFSA

Back

Free Application for Federal Student Aid, a form completed by current and prospective college students to determine their eligibility for student financial aid.

Front

Student loans

Back

Money borrowed to pay for education, which must be repaid with interest.

Front

Identity theft

Back

A crime where someone wrongfully obtains and uses another person's personal data in a way that involves fraud or deception.

Front

Phishing

Back

A method of trying to gather personal information using deceptive e-mails and websites.

Front

Data breach

Back

An incident where information is stolen or taken from a system without the knowledge or authorization of the system's owner.

Front

Skimming

Back

The illegal practice of taking cash off the top of a transaction and officially reporting a lower total.

Front

Dumpster diving

Back

The practice of searching through commercial or residential waste to find items that have been discarded by their owner, often to commit fraud.

Prevention: SHRED DOUMENTS

Front

Insurances

Back

Financial products that provide protection against certain risks, such as loss, damage, illness, or death.

Front

Premiums

Back

The amount of money charged by an insurance company for coverage.

Front

Deductible

Back

The amount paid out of pocket by the policyholder before an insurance provider will pay any expenses.