Notice that finite morphisms are in particular affine.
Claim: Finite-ness is affine local on target. Thus it suffices to check that \pi^{-1}(U_{\alpha}) satisfies the above for one affine cover \{U_{\alpha} \}_{\alpha} of Y.
In particular, a morphism \pi: \text{Spec} A \to \text{Spec} B is a finite iff the induced homomorphism B \to A gives A the structure of a finitely generated B-module.
Claim: Finite morphisms are always closed, and they always have finite fibers.
Example 1. Finite Field Extenion.
If L/K is a field extension, then \text{Spec} L \to \text{Spec} K is finite iff L/K is finite.Example 2. Branched Cover.
Let \pi: \text{Spec} k[t] \to \text{Spec} k[u] be the morphism induced by u \mapsto p[t], where p(t) is a polynomial of degree n.
Thus the k[u] algebra structure on k[t] is given by u \cdot f(t) := p(t) f(t).
Therefore k[t] is generated as a k[u]= k[p(t)]-module by 1, t, t^2, \ldots, t^{n-1} (i.e. [k[t]: k[p(t)]] = n.) so \pi is finite.
Indeed, let M be the k[p(t)]-submodule of k[t] generated by 1, t, t^2, \ldots, t^{n-1}.. Then clearly M contains all polynomial in t of degree less than or equal to n. Suppose k[t] \backslash M \neq \emptyset. Then there is a minimal degree among all the elements in k[t] outside of M. Suppose g is such a polynomial with minimal degree. Dividing g by p(t), we get g = fp + r(t) for some r either equal to 0 or of degree less than p. As r \in M, we must have fp \not \in M, in particular f must not be in M, contradicting minimality of g$.
Example 3. Closed Embedding.
The morphism \text{Spec}(A/I) \to \text{Spec} A is finite since A/I is a finitely generated A module (generated by 1 \in A/I.)
In particular, the embedding \text{Spec} k \to \text{Spec} k[t] is finite. (Here we take I= (t)).
Example 4. Normalization.

Let \pi: \text{Spec} k[t] \to \text{Spec} k[x,y]/(y^2 - x^2 - x^3) induced by
x \mapsto t^2 - 1 and y \mapsto t^3 - t^2.
This is finite as k[t] is a finite k[t^2-1, t^3- t^2]-module generated by 1 and t.
This is an isomorphism between D(t^2 -1) and D(x) (i.e isomorphism away from the node of the target).
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