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kiting business definition
- Writing a check for more than the balance in an account in order to take advantage of the lag in time before funds will be collected. For example, you write a check for the rent knowing your account does not have sufficient funds for payment, however, you expect to make a deposit in your account before said check is presented to the bank for payment. Also called check kiting.
- Altering a check by fraudulently increasing the amount of the check.