In 1998, the United States Passed the Identity Theft and Assumption

question 9

True/False

In 1998, the United States passed the Identity Theft and Assumption Deterrence Act to meet the threat of phishing and identity theft crimes.

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Definitions:

Nonparticipating

Typically refers to insurance policies or investment plans where the holder does not share in profits or dividends beyond specified benefits.

Par Value

The nominal or face value assigned to a share of stock or a bond by the issuer.

Noncumulative

A type of preferred stock on which dividend payments are not accumulated if they are not declared.

Nonparticipating

In the context of financial securities, refers to preferred shares or other financial instruments that do not have the right to share in the corporation's earnings beyond a certain amount.