Lapping
Legal definition for Indian law research
Definition
Lapping, means an embezzlement technique by which an employee takes funds from one customer's accounts receivable and covers it by using a second customer's payment to pay the first account, then a third customer's payment to pay the second account, and so on, Black's Law Dictionary, 7th Edn., p. 885.
Definitions are for legal research. Always verify meaning in the context of the statute, judgment, or jurisdiction cited.