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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 such as a check to obtain additional credit that is not authorized. There are two variants of kiting:
Kiting financial definition of Kiting
- https://financial-dictionary.thefreedictionary.com/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 ...
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 ...
Check-kiting Legal Definition Merriam-Webster Law Dictionary
- https://www.merriam-webster.com/legal/check-kiting
- — called also kiting. Note: Check-kiting typically works this way: a check drawn on insufficient funds in one bank is deposited in a second bank, and the funds represented by the check are immediately withdrawn from the second bank. The money is ultimately deposited in the first bank to cover the check before it clears.
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 …
Check kiting definition — AccountingTools
- https://www.accountingtools.com/articles/check-kiting.html
- 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.
What is Kitting? materials handling definition
- https://raymondhandling.com/dictionary/kitting/
- More information: Ask your Raymond Handling Concepts Sales Rep about kitting and other warehouse packaging techniques and methods. Click here.. If you have additional questions on warehousing or materials handling, please feel free to contact Raymond Handling Concepts Corporation at 1-800-675-2500, or email us at [email protected].We will be more than happy to …
Urban Dictionary: Kiting
- https://www.urbandictionary.com/define.php?term=Kiting
- In an MMORPG, you can grab a mob's attention and keep walking away from it which pulls it along. Not unlike a kite
What is kitting? definition and meaning ...
- http://www.businessdictionary.com/definition/kitting.html
- kitting: Process in which individually separate but related items are grouped, packaged, and supplied together as one unit. For example, in ordering a PC online, a customer may select memory, drives, peripherals, and software from several alternatives. The supplier then creates a customized kit that is assembled and shipped as one unit.
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