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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:
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://en.wikipedia.org/wiki/Check_kiting
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 ...
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://dictionary.thelaw.com/kiting/
Related Legal Terms & Definitions. CHECK KITING Writing back checks between accounts in a circular fashion and playing the float so that…; KITE To write bad or fraudulent checks using the float; see Kiting.; FLOAT (A) The time it takes from when a check is deposited until it clears and…; OVERDRAW To draw upon a person or a bank, by bills or checks, to an amount…
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 ...
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