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ID Theft Vocabulary
N/A
23
Business
11th Grade
11/29/2012

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Cards

Term
media:
Definition
Means of communicating---e.g., word of mouth, telephone, texting, emails, etc.
Term
Federal Trade Commission:
Definition
FTC; a government agency to assist consumers who’ve been victims of fraud
Term
National Consumers League:
Definition
Has a website where incidents of consumer fraud may be reported
Term
Better Business Bureau:
Definition
A local consumer protection agency
Term
failure to plan:
Definition
Not making shopping lists, spending plans, doing comparison shopping
Term
State Attorney General:
Definition
This state office assists consumers who have been victimized by fraud
Term
failure to protect:
Definition
Not securing personal information and property
Term
failure to be informed:
Definition
Not reading labels, fine print, contracts, sales offers
Term
failure to communicate:
Definition
Not asking questions, discussing purchases, saying “no” when needed
Term
illegal:
Definition
Against the law
Term
scam/scheme:
Definition
A plot designed to trick someone; a deception
Term
lie/lying:
Definition
To tell an untruth/the habit or practice of telling untruths
Term
concealing information:
Definition
Hiding information; hiding the truth
Term
pyramid:
Definition
A scam that usually involves a “get rich quick” chain letter, sending money to others in order to, supposedly, receive money in the mail yourself
Term
chain letter:
Definition
A letter asking one to send several letters with money in order to, supposedly, receive money in the mail yourself
Term
vague offers:
Definition
Offers that withhold certain details, expecting one to pay up front to get them
Term
high-pressure sales approach:
Definition
Using extreme tactics to persuade a consumer to buy.
Term
sweepstakes letter:
Definition
States that one has won a valuable prize, but must pay a fee to claim it
Term
earn-money-at-home offers:
Definition
Offers that hinge on a consumer first purchasing something
Term
condition:
Definition
A stipulation or prerequisite
Term
lottery:
Definition
Prizes awarded by chance after purchase of a ticket; very small chance of winning
Term
winning bid at auctions:
Definition
A scam artist my notify you that you have the winning bid, ask for money, but never ship the item purchased
Term
identity theft:
Definition
Stealing one’s personal information to commit theft or fraud
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