kiting Definition
the fraudulent act of writing a check from a bank account without sufficient funds and depositing it into another account, then withdrawing the funds before the check bounces.
Using kiting: Examples
Take a moment to familiarize yourself with how "kiting" can be used in various situations through the following examples!
Example
He was arrested for kiting checks between his accounts at different banks.
Example
The bank lost millions of dollars due to a large-scale kiting scheme.
Example
Kiting is illegal and can result in severe penalties.
kiting Synonyms and Antonyms
Synonyms for kiting
- floating
- check kiting
Summary: kiting in Brief
The term 'kiting' [ˈkaɪtɪŋ] refers to the fraudulent act of writing a check from a bank account without sufficient funds and depositing it into another account, then withdrawing the funds before the check bounces. It is illegal and can result in severe penalties, exemplified by 'He was arrested for kiting checks between his accounts at different banks.'
