noun / verb
kite
Obtaining money or credit through fraudulent checks.
The accountant discovers that a customer is kiting checks.
Etymology
The financial slang uses the image of something kept aloft without solid support. Kiting sustains apparent funds or credit through unsupported checks and their timing.
More examples
- The scheme involved a fraudulent kite.
- He had kited checks between accounts.
- The investigation uncovered several kites.
Forms
kite · kites · kited · kiting
Similar words
- fraud
- A broader category of deliberate deception for gain.
- forgery
- Falsifies a document rather than necessarily exploiting check clearance.