- check kiting
n.A scam in which an individual deposits worthless checks in different banks and uses his or her good credit to withdraw funds before the checks clear, attempting to deposit the money into the account on which the check is drawn before the discrepancy is discovered. See also bad check
The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008.
- check 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 kiting.See also check.
Webster's New World Law Dictionary. Susan Ellis Wild. 2000.
Look at other dictionaries:
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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
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kiting — kit·ing / kī tiŋ/ n: check kiting Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. kiting … Law dictionary
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