Kiting
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Kiting

Used in banking to refer to the practice of depositing and drawing checks at two or more banks and taking advantage of the time it takes for the second bank to collect funds from the first bank.
Also refers to illegally increasing the face value of a check by changing the numbers on the check.
In the context of securities, refers to the manipulation and inflation of stock prices.

Kiting

1. The illegal practice of deliberately misrepresenting the value of a security or transaction in order to extract more funds from a counterparty.

2. The illegal practice of writing a bad check on an account at one bank, depositing it at a second bank, and withdrawing cash. Check holds have made kiting more difficult than it once was.

3. The illegal practice of defacing a check by increasing the amount of money written on it. One may take advantage of bad handwriting, for example, by changing "ten" to "twenty" on the check.

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Libramiento de letras cruzadas			When the banks discovered PATEL's check kite, the Wells Fargo account had enough money to cover the checks he had written, but BankBoston was left with a loss of approximately $171,000. Former Boston Restaurant Owner Charged With Bank Fraud, Reports U.S. ... by PR Newswire In order to prosecute these cases successfully, the FBI developed the Check Kite Analysis System (CKAS),(1) a computer program that helps law enforcement agencies to reduce the complexity of investigating kiting schemes and to prove the perpetrator's intent to defraud. Check kiting: detection, prosecution and prevention by Albrecht, W. Steve / The FBI Law Enforcement Bulletin We are pleased that, excluding the check kite loss, we would have made a profit for the third consecutive quarter. Albemarle First Bank Announces First Quarter 2003 Performance by Business Wire			Chartered Market Technician Charting Chartist Chartista Chartists Chase a Stock Chasing Returns Chasing the Market Chastity Bond Chastity Bonds chattel chattel mortgage Chatter Chavanni CHE Cheap Cheap Money Cheap Stock Cheapest to Deliver Cheapest to Deliver Issue Chechen Naxar Check Check 21 Check Clearing Check Hold Check Kite Check Representment Check truncation Check Writer checkerboard development Checking Account Checking the Market Checkwriting checkwriting privilege Cheque a porter en compte Cheque certificado Cheque d'assegnazione Cheque d'assignation Cheque de asignacion Cheque incobrable Cheque para depositar en cuenta Cheque pre-datado Cheques Act 1992 Cherry Picking CHESS Chetrum CHF ChFC Chiarella vs. U.S. Chicago Board of Trade Chicago Board Options Exchange			check fillet check firing check flight Check For Change Check For Understanding Check Fraud check girl Check guarantee card Check Handling Enhancement & Expert System Check hold check holder Check Holds Check hook check in check in check in check in check in check in check in Check In Check Out check indicator check indicator instruction Check Interface Control System Check Interference Upon Call Arrival check into check into Check Is in the Mail Check It Out check key Check Kite Check Kites Check Kites Check Kites Check kiting Check kiting Check kiting check ligament check ligament check ligament desmotomy check ligament desmotomy check ligament of eyeball Check ligament of the odontoid check lis Check List Check List Check List of European Continental Mollusca Check List of European Marine Mollusca Check List of the Freshwater Fishes of Africa Check Local Port and Segmentation Status check lock check luggage through check mark check mark check mark check mark check mark check marks check marks check marks check marks

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Kiting (redirected from Check Kite)

Kiting
(redirected from Check Kite)