What kiting means?

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.

What does kiting mean in gaming?

Kiting is a term primarily encountered in MMORPGs referring to a popular method of killing mobs (monsters) or other players by staying at a distance, using ranged attacks, and running whenever the enemy comes near. Similar tactics may be used in other computer and video games.

How do you identify 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 …

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.

Is kiting illegal?

The consequences of check-kiting

Check-kiting is illegal and is considered fraud. … Sometimes, if the amount of money is paid back, the bank will allow the account holder to keep the account and perhaps remove some features, such as the ability for the account holder to deposit personal checks.

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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 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.

Why is it called kiting in league?

Kiting refers to keeping agro from enemy champions while running away, so as to lead them away from objectives and allies in other parts of the map. Picture very related. Kiting refers to keeping agro from enemy champions while running away, so as to lead them away from objectives and allies in other parts of the map.

What is kiting in mobile legends?

So what is Kiting? Kiting often refers to players keeping a safe distance while dealing damage which, in turn, can turn be translated into Poke (pertaining to damaging/whitling enemy heroes down/injuring them).

Is check kiting a federal crime?

But, when kiting involves large amounts or multiple checks, felony criminal charges may come into play. An offender can expect to face both state and federal charges for check kiting, as this fraud is regulated by the federal government.

Do banks prosecute check kiting?

In the United States, check kites are prosecuted under Title 18, U.S. Code Section 1344, which is defined as obtaining the funds of a federal bank under false pretenses. In effect, a check kite is obtaining an interest-free loan from a bank without the bank’s knowledge.

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What can a company do to prevent kiting?

How to prevent Check Kiting

  1. Only accept checks for the exact amount owed to you. …
  2. Wait until the check clears to refund the overpayment. …
  3. Look into checks that clear your bank account out of sequence. …
  4. Restrict access to company checks if you’re a business owner.