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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.
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 …
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.
https://thebusinessprofessor.com/lesson/kiting-definition/
Kiting Definition When someone uses a financial document or instrument fraudulently, they are said to be kiting. One can use the document, such as a check to gain access to unauthorized credit.
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.
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.
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...
https://www.bankersonline.com/articles/103131
The Federal Bureau of Investigation defines check kiting as "a scheme which artificially inflates bank account balances, in accounts that are under common control, for purposes of obtaining unauthorized use of bank funds, through the systematic exchanging or swapping of checks between these accounts, in a manner which is designed to misuse the float that exists in the banking system."
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