kiting

kiting
kit·ing /'kī-tiŋ/ n: check-kiting

Merriam-Webster’s Dictionary of Law. . 1996.

kiting
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 Law
Category: Personal Finance & Retirement
Category: Small Claims Court & Lawsuits

Nolo’s Plain-English Law Dictionary. . 2009.


kiting
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. . 2000.


kiting
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.


kiting
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.

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Look at other dictionaries:

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  • 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 (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

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