Derivatives

Reverse Cliquet

June 2, 2021
Banking

Prime Rate

June 2, 2021

Share

A banking fraud that involves the use of the float time between banks by an individual or company to give the impression that he/ it has money in his/its accounts. Bank customers who have a high volume of bank transactions within a short period of time may be under suspicion of a possible commitment of kiting.

It is also known as lapping.

Compare with kiting (accounting) and kiting (a revenue-related fraud scheme).

Leave a Reply

Related Tags

All Topics in the Letter 

Related Posts

There are no posts on the list.