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Webster's New World Law Dictionary » check kiting
check kiting
check kiting definition - legal
v
To write a check while
knowing that there are insufficient funds in oneÂ’s account to cover it.
Depending on the circumstances, check kiting is often a crime, especially if
the drawer or maker has previously deposited a check from another bank into his
account and hopes that the funds from that check will reach his account before
the outgoing check is paid. Also called kite
and kiting. See also check.
Webster's New World Law Dictionary Copyright © 2006 by Wiley Publishing, Inc., Hoboken, New Jersey.
Used by arrangement with John Wiley & Sons, Inc.
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