Is kiting a real word?
noun. 1The activity of flying a kite on a string. 2North American informal The fraudulent writing or use of a cheque, bill, or receipt.
What is meant by kiting?
the practice of drawing cheques on deposits which are already committed, assuming that the delay in clearing the cheque will allow time to replenish the account. Also called: kiting.
Why is it called kiting?
Generally, the banking term refers to money not reaching its destination, which is similar to the goal of kiting a target in a game. It has also been suggested that kiting comes from “Killing In Transit”, but this is more commonly regarded as a backronym.
Is kitting a Scrabble word?
Kitting is valid Scrabble Word.
What is kiting in construction?
21 Oct Benefits of Kitting
When it comes to any type of construction project, the logistics associated with material handling before and during installation can be a very unorganized, unsafe and chaotic process. A particular strategy that can aid in executing an efficient and safe project is a process called Kitting.
What is check kiting example?
Simple check-kiting: Say, for example, that you write yourself a check for $500 from checking account A, and deposit that check into checking account B — but the balance in checking account A is only $75. Then, you promptly withdraw the $500 from checking account B.
What is kiting in wow?
The act of kiting, is a combat tactic of a player character keeping a mob or another player at a certain distance, usually out of melee distance but within ranged attack, and luring the pursuer toward their direction while dealing damage at the same time.
How do you determine kiting?
Indications of a potential check-kiting operation include the following: (1) several accounts owned, or controlled, by the same individual, (2) identifiable patterns of transactions, including deposits, transfers, and withdrawals between those accounts, (3) deposits drawn on other institutions by the same holder of the …
What is the difference between lapping and kiting?
What is the difference between lapping and kiting? Lapping occurs when cash is stolen upon receipt from one customer’s account. … Kiting occurs when funds are stolen from the company and, to cover this theft, the employee transfers money from one bank account to another account right before year-end.
Is Kite an eagle?
Typically, a kite has a small head, short beak, partly bare face and long narrow wings and tail. It belongs to the Accipitridae family. As compared to eagles, they are smaller in size and weigh less.
|It is a larger-sized bird of prey.||It is a medium-sized bird of prey.|