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kit·ing /'kī-tiŋ/ n: check-kiting
Merriam-Webster’s Dictionary of Law. Merriam-Webster. 1996.
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Illegally taking advantage of the time it takes checks or other instruments to clear (the float), by writing bad checks between different accounts. Because a bank doesn't realize that there are insufficient funds in the account, it may honor a bad check. Also called check kiting.Category: Criminal LawCategory: Personal Finance & RetirementCategory: Small Claims Court & Lawsuits
Nolo’s Plain-English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009.
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v. To write a check while knowing that there are insufficient funds in one's account to cover it. Depending on the circumstances, check kiting is often a crime, especially if the drawer or maker has previously deposited a check from another bank into his account and hopes that the funds from that check will reach his account before the outgoing check is paid. Also called kite and check kiting.See also check.
Webster's New World Law Dictionary. Susan Ellis Wild. 2000.
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The unlawful practice of drawing checks against a bank account containing insufficient funds to cover them, with the expectation that the necessary funds will be deposited before such checks are presented for payment.
Dictionary from West's Encyclopedia of American Law. 2005.
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The unlawful practice of drawing checks against a bank account containing insufficient funds to cover them, with the expectation that the necessary funds will be deposited before such checks are presented for payment.
Short Dictionary of (mostly American) Legal Terms and Abbreviations.
Look at other dictionaries:
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 — Drachen in Sternform Flugbär gut zu erkennen: die Drachenschnur Ein Drachen (nach chinesischen, als Drachenbilder ausgeführten D … Deutsch Wikipedia
Kiting — 1. The act of misrepresenting the value of a financial instrument for the purpose of extending credit obligations or increasing financial leverage. 2. A fraudulent act involving the alteration or issuance of a check or draft with insufficient… … Investment dictionary
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
kiting — Kiteflying Kite fly ing, n. A mode of raising money, or sustaining one s credit, by the use of paper which is merely nominal; called also {kiting} … The Collaborative International Dictionary of English
kiting — 1. The practice of writing checks from one bank account and depositing them in another, in order to temporarily inflate an organization’s *cash holdings. Kiting is a *fraudulent use of the time taken by checks to clear through a banking system. 2 … Auditor's dictionary
kiting — The wrongful practice of taking advantage of the float, the time that elapses between the deposit of a check in one bank and its collection at another. Method of drawing checks by which the drawer uses funds which are not his by drawing checks… … Black's law dictionary
kiting — The wrongful practice of taking advantage of the float, the time that elapses between the deposit of a check in one bank and its collection at another. Method of drawing checks by which the drawer uses funds which are not his by drawing checks… … Black's law dictionary
kiting — /kuy ting/, n. 1. kiteflying. 2. See hang gliding. [1860 65; KITE1 + ING1] * * * kitˈing noun Kite flying • • • Main Entry: ↑kite * * * kiting see kite … Useful english dictionary
kiting — using the body depth and erect fins to guide the fish across a current. Also used by a fish when hooked … Dictionary of ichthyology