Go A Kiting Meaning

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Kiting Definition - Investopedia

    May 07, 2019 · Kiting is the fraudulent use of a financial instrument such as a check to obtain additional credit that is not authorized. There are two variants of kiting:

Check kiting - Wikipedia

    Check kiting or cheque kiting is a form of check fraud, involving taking advantage of the float to make use of non-existent funds in a checking or other bank account.In this way, instead of being used as a negotiable instrument, checks are misused as a form of unauthorized credit.. Kiting is commonly defined as intentionally writing a check for a value greater than the account balance from an ...

Kiting Definition of Kiting at Dictionary.com

    Kiting definition, kiteflying. See more. Finance.. a check drawn against uncollected or insufficient funds, as for redepositing, with the intention of creating a false balance in the account by taking advantage of the time lapse required for collection.

KITING meaning in the Cambridge English Dictionary

    kiting definition: → check kiting. Learn more. {{#verifyErrors}} {{message}} {{/verifyErrors}} {{^verifyErrors}} {{#message}}

Kiting financial definition of Kiting

    Kiting Used in banking to refer to the practice of depositing and drawing checks at two or more banks and taking advantage of the time it takes for the second bank to collect funds from the first bank. Also refers to illegally increasing the face value of a check by changing the numbers on the check. In the context of securities, refers to the ...

Kitting Definition of Kitting at Dictionary.com

    Kitting definition, a set or collection of tools, supplies, instructional matter, etc., for a specific purpose: a first-aid kit; a sales kit. See more.

Check kiting definition — AccountingTools

    Check kiting is the deliberate issuance of a check for which there is not sufficient cash to pay the stated amount. The mechanics of this fraud scheme are as follows:. Write a check for which there is not sufficient cash in the payer's account.. Create a checking account at a different bank.. Deposit the fraudulent check in the checking account that was just opened.

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