Kiting Definition Accounting

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kiting definition and meaning AccountingCoach

    https://www.accountingcoach.com/terms/K/kiting
    kiting definition. This activity, which involves playing the float, is sometimes used when a company is facing an overdrawn checking account.Assume that a company has a checking account at NY Bank that is about to overdraw. To prevent the NY Bank checking account from overdrawing, the company deposits one of its checks drawn on its PA Bank.

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.

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 ...

Kiting Definition of Kiting at Dictionary.com

    https://www.dictionary.com/browse/kiting
    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.

What is Check Kiting? - Definition Meaning Example

    https://www.myaccountingcourse.com/accounting-dictionary/check-kiting
    Definition: Check kiting is a fraudulent procedure where checks in transit are used to fund issued checks. It is a way to fool the bank by depositing a check from another entity to create a false positive balance that funds new checks being issued.

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.

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