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Kiting Definition - Investopedia
- https://www.investopedia.com/terms/k/kited.asp
- May 07, 2019 · Kiting is the fraudulent use of a financial instrument to obtain additional credit that is not authorized. Kiting encompasses two main types of fraud: Issuing or altering a check or bank draft for...
Kiting financial definition of Kiting
- https://financial-dictionary.thefreedictionary.com/Kiting
- Kiting. 1. The illegal practice of deliberately misrepresenting the value of a security or transaction in order to extract more funds from a counterparty. 2. The illegal practice of writing a bad check on an account at one bank, depositing it at a second bank, and withdrawing cash.
What is Kiting? - Definition Meaning Example
- https://www.myaccountingcourse.com/accounting-dictionary/kiting
- Definition: Kiting, also called check kiting, is a fraudulent scheme that uses checks to embezzle money from a business. Kiting is usually committed by a bookkeeper or someone else with access to company checks and the ability to forge checks, but it can also be used by the company.
Check kiting Definition Bankrate.com
- https://www.bankrate.com/glossary/c/check-kiting/
- Check kiting is the illegal process of writing a check off of a bank account with inadequate funds to cover that check. Check kiting relies on the fact that it takes banks a few days (or even...
What is kite flying in banking terms? - Quora
- https://www.quora.com/What-is-kite-flying-in-banking-terms
- Popularly known as cheque kiting in Banking paralance. It is the practice of drawing cheque on account for a value greater than the account balance in one account and then depositing another cheque in that account having insufficient balance by falsely inflating the balance in …
What Is Check Kiting? LegalMatch
- https://www.legalmatch.com/law-library/article/what-is-check-kiting.html
- Jun 26, 2018 · Check kiting is a common form of white collar crime and check fraud. It involves drawing a check for a greater amount than is contained in the account. The check is then deposited into a different account. Before the check clears with the first account, the funds are …Author: Ken Lamance
Anatomy of Check-Kiting Fraud Bankrate.com
- https://www.bankrate.com/banking/checking/anatomy-of-check-kiting-fraud/
- “Kiting happens on a daily basis at just about every financial institution,” according to Young. “It may be a customer with a longtime relationship or a new customer. Most kiting occurs with...
How Banks Used to Spot Check Kiting American Banker
- https://www.americanbanker.com/opinion/how-banks-used-to-spot-check-kiting
- May 24, 2013 · As a matter of fact, check kiting, the practice of utilizing the time it takes for a check to clear as a form of interest-free credit, is illegal. Before the introduction of electronic transfers in banking operations, checks were physically moved among banks.
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