Question

Define the following terms;

5. Viatical Settlements;

6. White Collar Crime;

7. Robbery;

8. Smash and Grab Burglary;

9. Account Takeover;

10. Action Stereotyping;

Answer 1

Answer 5. Viatical Settlements;

viatical settlement is the sale of a policy owner's existing life insurance policy to a third party for more than its cash surrender value, but less than its net death benefit. Such a sale provides the policy owner with a lump sum.

Answer 6 White Collar Crime;

white-collar crime is a non- violent crime committed by an individual, typically for financial gain.

Answer 7 Robbery;

robbery is defined as taking the property of another, with the intent to permanently deprive the person of that property, by means of force or fear; that is, it is a larceny or theft accomplished by an assault

Answer 8)Smash and Grab Burglary;

A smash and grab is a particular form of burglary that involves smashing a barrier, usually a display window in a shop or a showcase, grabbing valuables, and then making a quick getaway, without concern for setting off alarms or creating noise.