CHECK KITING

check kiting: translation

check kiting ˈcheck ˌkiting noun [uncountable] LAW BANKING

when someone illegally obtains credit from one of their bank accounts by paying in a cheque from another account, taking money out against this cheque and using it for a few days before having to repay the original amount

check kiting UK US US (UK cheque kiting) noun [U]

► BANKING, LAW used in the US to describe the illegal act of putting money into a bank account using a cheque from another account that does not have enough money in it to cover the cheque, and then taking the money out of the first account: »

He was convicted of check kiting and sent to prison.

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a massive check-kiting scheme