4.03 Financial Planning Vocab

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Arson

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The willful and malicious burning or setting fire to any building, including those used for business, or other property, often with or without the intent to defraud (such as collecting insurance money).

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Burglary

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The unlawful entry into a structure (like a business or home) with the intent to commit a felony or any theft inside. The crime is the entry with the criminal intent, even if the intended crime is not completed.

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Embezzlement

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The fraudulent appropriation of money or property that has been lawfully entrusted to the offender's care, custody, or control. This typically involves an employee or person in a position of trust taking assets from the business for personal gain.

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Larceny

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The unlawful taking and carrying away of someone else's personal property with the intent to permanently deprive the owner of its possession. This is a broad category of theft that often includes shoplifting.

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False Pretenses

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Obtaining money, property, or valuable assets through deliberate and intentional misrepresentation of existing facts, which causes the victim (the business) to voluntarily surrender the property. It focuses on deception where the victim parts with title to the property.

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Receiving (Stolen Property)

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The act of buying, receiving, or possessing stolen property, knowing or having reasonable grounds to believe that the goods are stolen.

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Robbery

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The taking or attempting to take anything of value from the care, custody, or control of a person by force or threat of force or violence and/or by putting the victim in fear. This is distinct from simple theft (larceny) because it involves direct force or threat against a person.

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Shoplifting

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A common form of larceny that involves the theft of goods or merchandise exposed for sale from a store or business, committed by someone other than an employee.

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Vandalism (Destruction/Damage of Property)

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The willful or malicious destruction, damage, defacing, or injuring of real or personal property (such as buildings, signs, or equipment) without the consent of the owner or the person having custody of it.

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Identity Theft

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The unlawful acquisition and use of a business's or an individual's identifying information (such as Social Security numbers and birth dates) without authority, typically with the intent to commit fraud or other crimes.