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Kiting

Search definitions        Search   Kiting Illegally benefiting from float, for example by depositing and drawing checks between accounts at two or more banks.      The act of misrepresenting the value of a financial instrument for the purpose of extending credit obligations or increasing financial Leverage is called kiting. It can also be a fraudulent act involving the alteration or issuance of a check or draft with insufficient funds. Posted by  Privatebanking.com     Back     Print     Email

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