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Banking




Kiting


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).



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