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What (who) is kiting - definition
WIKIMEDIA DISAMBIGUATION PAGE
Kiting (disambiguation); Kiter
kiting
noun fly a kite.
Check kiting
![instrument]] potentially used for kiting.](https://commons.wikimedia.org/wiki/Special:FilePath/CanadianCheque.svg?width=200 "instrument]] potentially used for kiting.")
FORM OF CHECK FRAUD
Cheque kiting; Check-kiting; Cheque-kiting
Check kiting or cheque kiting is a form of check fraud, involving taking advantage of the float to make use of non-existent funds in a checking or other bank account. In this way, instead of being used as a negotiable instrument, checks are misused as a form of unauthorized credit.
Credit card kiting
Credit card kiting refers to the use of one or more credit cards to obtain cash and purchasing power they do not have, or pay credit card balances with the proceeds of other cards. Unlike check kiting, which is illegal under nearly all circumstances, laws against credit card kiting are not completely prohibitive of the practice, thereby allowing it to be done to some degree.
Wikipedia
Kiting
Kiting may refer to:
- Flying a kite
- Check kiting, a form of banking fraud
- Domain kiting, a practice in domain name registration
- Kiting, a video game term
- Kiting, or ballooning, a process by which spiders move through the air
Examples of use of kiting
1. In the early 1''0s, he was one of the zealous "Gang of Seven" that pushed to expose a check–kiting scandal in the House bank.
2. Assistant District Attorney General Walt Freeland said bank managers were closing in on a check–kiting scheme that Mary Winkler wanted to conceal from her husband.
3. Freeland said that just before the fatal shooting bank managers were closing in on a check–kiting scheme that Mary Winkler wanted to conceal from her husband.
4. Freeland said bank managers were closing in on Winkler‘s check kiting scheme and she wanted to conceal it from her husband.
5. Assistant District Attorney General Walt Freeland said bank managers were closing in on a check–kiting scheme that Mary Winkler wanted to conceal.