Check Kiting - Law Dictionary Search Results
Home Dictionary Name: check kitingcheck-kiting
check-kiting : the practice of drawing on uncollected funds during the time needed to clear a check deposited in a bank esp. if the check is worthless called also kiting NOTE: Check-kiting typically works this way: a check drawn on insufficient funds in one bank is deposited in a second bank, and the funds represented by the check are immediately withdrawn from the second bank. The money is ultimately deposited in the first bank to cover the check before it clears, which usually takes several days. ...
kiting
kiting : check-kiting ...
Box kite
A kite invented by Lawrence Hargrave of Sydney Australia which consist of two light rectangular boxes or cells open on two sides and fastened together horizontally Called also Hargrave kite or cellular kite...
Eddy kite
A quadrilateral tailless kite with convex surfaces exposed to the wind This kite was extensively used by Eddy in his famous meteorological experiments It is now generally superseded by the box kite...
check
check 1 : something that limits or restrains see also checks and balances 2 : a written order signed by its maker directing a bank to pay a specified sum to a named person or to that person's order on demand see also negotiable instrument compare draft bank check : a check drawn by a bank on its deposits in another bank ca·shier's check : a check drawn by a bank on its own funds and signed by the cashier or another bank official certified check : a check certified to be good by the bank upon which it is drawn by the signature of usually the cashier or paying teller with the word certified or accepted across the face of the check NSF check [Not Sufficient Funds] : a check drawn on an account with insufficient funds from which to make payment ...
Kite
To raise money by ldquokitesrdquo as kiting transactions See Kite 6...
Finbat kite
same as Eddy kite...
bank check
bank check see check ...
cashier's check
cashier's check see check ...
certified check
certified check see check ...
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