kiting

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. In the United Kingdom, the *fraudulent use of stolen *checks.

Auditor's dictionary. 2014.

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  • kiting — kit·ing / kī tiŋ/ n: check kiting Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. kiting …   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 — 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 — 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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