Key Escrow Is A(n)________

question 17

Multiple Choice

Key escrow is a(n) ________.

• A)protocol used to secure communication over the internet
• B)safety procedure that allows a trusted party to have a copy of the encryption key
• C)device that prevents unauthorized network access
• D)encryption algorithm that uses both public and private keys

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Definitions:

Insufficient Funds

A situation where one's bank account does not have enough money to cover checks or electronic transfers made against it, potentially resulting in a bounced check or declined transactions.

Drawer's Account

In financial terms, the account belonging to the person who writes a check or draft instructing a bank to pay a designated amount of money.

Honor The Check

The act of a bank or financial institution completing the transaction by paying the amount specified on a check from the payer's account to the payee or holder.

Account Aggregation

A financial service that compiles information from various accounts, belonging to an individual or entity, into a single platform for easier management and analysis.