Meaning Check kiting
What does Check kiting mean? Here you find 2 meanings of the word Check kiting. You can also add a definition of Check kiting yourself
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Check kitingCheck kiting is a means of using two deposit accounts to withdraw money illegally from the bank. The accountholder writes a check from one account, even though the account doesn't have the necess [..]
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Check kitingWriting checks against deposits that have not cleared through the banking system, thus taking advantage of the "float" - the time needed for checks to clear.
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