Page 229 - digitalliteracy

Glossary

credit The act of borrowing money to pur- that you leave on the web as you browse
chase goods and services. from one website to another.

credit bureau An organization that gath- digital literacy The ability to understand
ers credit history and other publicly avail- and appropriately use electronic technology
able financial information about individual to accomplish educational, professional, and
consumers. personal goals.

credit report A statement that shows all digital tools Electronic devices and pro-
your credit accounts, repayment history, grams that translate data into readable
open lines of credit, credit limits of each information, including documents, images,
account, and whether the account is in good videos, and games.
standing.
discussion forums Online class discussions
credit score A rating created by a credit that occur in class on a weekly basis.
bureau based on your credit history and
publicly available information. A higher domain name A name assigned to a web-
score means lower interest costs because site and linked to the website’s IP address
the lender considers you a reliable borrower. that has two parts: a web page name and a
web extension. Also known as host.
curriculum vitae (CV) A document used in
academia that summarizes your educational emergency savings account A bank
achievements, academic qualifications, and account intended to cover at least 6 months’
professional accomplishments. worth of your expenses in case of unemploy-
ment, medical leave, or other emergency.
data aggregator An individual or company
that makes money by collecting and compil- Fair Credit Billing Act A federal law that is
ing data and information about people from intended to protect consumers from unfair
the web and selling it to others. billing practices and give them a way to
address billing errors for credit card and
deferred-interest loan A loan for which charge card accounts.
interest does not accumulate over time. If
you have a deferred student loan, you do not Fair Credit Reporting Act Federal legisla-
accrue interest until you graduate. tion intended to ensure that the consumer
information contained in the files of con-
desktop computer Computing devices that sumer reporting agencies is accurate, fair,
are designed to rest on a table or desk and and private.
be used in a single location. They are fairly
large because they consist of several compo- Federal Deposit Insurance Corporation
nents connected together to create a com- A federal entity created by Congress whose
plete computer system. purpose is to preserve and promote public
confidence in the U.S. financial system by
digital citizen A person who participates insuring depositors for at least $250,000 per
productively, safely, and responsibly in insured bank; by identifying, monitoring,
today’s technological society. and addressing risks to the deposit insur-
ance funds; and by limiting the effect on the
digital footprint The electronic trail of economy and the financial system when a
digital data about you and your computer bank or thrift institution fails.

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