check-kiting

noun
check-kit·​ing | \ ˈchek-ˌkī-tiŋ\

Legal Definition of check-kiting

: the practice of drawing on uncollected funds during the time needed to clear a check deposited in a bank especially 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on insufficient funds in one bank is deposited in a second bank, and the funds represented by the check are immediately withdrawn from the second bank.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.

Learn More about check-kiting

Share check-kiting

Comments on check-kiting

What made you want to look up check-kiting? Please tell us where you read or heard it (including the quote, if possible).

WORD OF THE DAY

grandiloquent, ostentatious, or bombastic

Get Word of the Day daily email!

Test Your Vocabulary

Original Meanings Quiz

  • rembrandt-painting-a-young-scholar-and-his-tutor
  • Which of the following is the earliest known sense of the word awe?
Name That Thing

Test your visual vocabulary with our 10-question challenge!

TAKE THE QUIZ
Citation

Test Your Knowledge - and learn some interesting things along the way.

TAKE THE QUIZ

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!