Check kiting — is the illegal act of taking advantage of the float to make use of non existent funds in a checking or other bank account; it is a form of check fraud. It is commonly defined as intentionally writing a check for a value greater than the account… … Wikipedia
check kiting — ˈcheck ˌkiting noun [uncountable] LAW BANKING when someone illegally obtains credit from one of their bank accounts by paying in a cheque from another account, taking money out against this cheque and using it for a few days before having to… … Financial and business terms
check–kiting — check–kit·ing / chek ˌkī tiŋ/ n: the practice of drawing on uncollected funds during the time needed to clear a check deposited in a bank esp. if the check is worthless – called also kiting; ◇ Check kiting typically works this way: a check drawn… … Law dictionary
check kiting — Practice of writing a check against a bank account where funds are insufficient to cover it and hoping that before it is deposited the necessary funds will have been deposited. First State Bank & Trust Co. of Edinburg v. George, Tex.Civ.App., 519 … Black's law dictionary
check kiting — Practice of writing a check against a bank account where funds are insufficient to cover it and hoping that before it is deposited the necessary funds will have been deposited. First State Bank & Trust Co. of Edinburg v. George, Tex.Civ.App., 519 … Black's law dictionary
kiting — kit·ing / kī tiŋ/ n: check kiting Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. kiting … Law dictionary
Kiting (MMORPG term) — Kiting is a term encountered in MMORPGs such as EverQuest , The Lord of the Rings Online or World of Warcraft referring to a popular method of killing mobs (monsters) by staying at a distance, using ranged attacks, and running whenever the enemy… … Wikipedia
check — n 1: something that limits or restrains see also checks and balances 2: a written order signed by its maker directing a bank to pay a specified sum to a named person or to that person s order on demand see also negotiable instrument compa … Law dictionary
Kiting — can refer to: * In sports, a common slang term for kite flying or sometimes refers to Kitesurfing. * In investing, a form of check fraud called check kiting. * In MMORPGs, a tactical move using long range attacks, see: Kiting (MMORPG term). *… … Wikipedia
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. Bloomberg Financial Dictionary Also refers to… … Financial and business terms
