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LeoGlossary: Kiting

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Published: 03 Aug 2022 › Updated: 03 Aug 2022LeoGlossary: Kiting

LeoGlossary: Kiting

The act of writing a check which will overdraw an account but compensating for it by depositing a check drawn on another bank.

Under this scheme, the individual is trying to time the settlement on the checks to pull it off.

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