Kiting

{
  "id": "MLC-T-LAW-002897",
  "term": "Kiting",
  "field": "Law",
  "definition": "A fraudulent practice involving the exchange of checks between two or more bank accounts to exploit the time it takes for checks to clear. The perpetrator writes a check from an account with insufficient funds and covers it with a check from another account, creating an artificial balance. This scheme is a form of bank fraud and is illegal under federal law.",
  "url": "https://mlchart.com/terminology/law/kiting/"
}