MLchartDataset catalogue

Kiter

Term · Law · MLC-T-LAW-002896

An individual who engages in check kiting, a fraudulent scheme involving the manipulation of bank accounts. This person writes checks on an account with insufficient funds, relying on the float period before the check clears to deposit funds from another account. The act constitutes bank fraud and can lead to severe criminal penalties.

Table 1. Record
IdentifierMLC-T-LAW-002896
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-002896",
  "term": "Kiter",
  "field": "Law",
  "definition": "An individual who engages in check kiting, a fraudulent scheme involving the manipulation of bank accounts. This person writes checks on an account with insufficient funds, relying on the float period before the check clears to deposit funds from another account. The act constitutes bank fraud and can lead to severe criminal penalties.",
  "url": "https://mlchart.com/terminology/law/kiter/"
}

Record 2,840 of 5,445 in Law terminology (MLC-0107). Request the full dataset.