kite

kite
I. kite kite 1 [kaɪt] noun
fly a kite to make a suggestion, often an unusual one, to find out what people think of it:

• He used his speech to fly a policy kite.

  [m0] II. kite kite 2 verb [intransitive, transitive] informal
1. FINANCE kite checks to write cheques for more than the amount in the related account:

• Members of the society had kited more than 8,000 checks in a single year.

2. LAW kite checks to use stolen cheques:

• drug-related crimes, like kiting checks to buy drugs

* * *

Ⅰ.
kite UK US /kaɪt/ verb [I or T] US INFORMAL BANKING, LAW
to illegally write a cheque on one account, which does not contain enough money to pay it, and deposit it another, taking the money from the second before it is discovered that the cheque is bad: »

He was indicted for kiting checks at United Bank.

»

The broker was jailed for a kiting scheme.

to use stolen cheques: »

Anybody who knows that people are kiting cheques invoices should resign.

Compare CHECK KITING(Cf. ↑check kiting)
Ⅱ.
kite UK US /kaɪt/ noun [C] US INFORMAL BANKING, LAW
an illegal act of using cheques that have been kited to obtain money: »

The kite can go on for weeks before one of the accounts goes into overdraft when the checks are returned.

a cheque that has been kited

Financial and business terms. 2012.

Look at other dictionaries:

  • Kite — (k[imac]t), n. [OE. kyte, AS. c[=y]ta; cf. W. cud, cut.] [1913 Webster] 1. (Zo[ o]l.) Any raptorial bird of the subfamily {Milvin[ae]}, of which many species are known. They have long wings, adapted for soaring, and usually a forked tail. [1913… …   The Collaborative International Dictionary of English

  • Kite — steht für: den englischen Begriff für Drachen ein Anime, Kite (Anime) eine Stadt in den USA, Kite (Georgia) Kite ist der Familienname folgender Personen: Michael Kite (* 1973), kenianischer Marathonläufer Tom Kite (* 1949), US amerikanischer… …   Deutsch Wikipedia

  • kite — ► NOUN 1) a toy consisting of a light frame with thin material stretched over it, flown in the wind at the end of a long string. 2) Brit. informal, dated an aircraft. 3) a long winged bird of prey with a forked tail and a soaring flight. 4)… …   English terms dictionary

  • kite — [kīt] n. [ME < OE cyta, akin to MLowG kuten, to gossip < IE echoic base * gou , to scream > Gr goan, to moan] 1. any of various accipitrine birds with long, pointed wings and, usually, a forked tail: they prey esp. on insects, reptiles,… …   English World dictionary

  • KITE — (Heb. דָּאָה da ah, דַּיָּה dayyah; AV, vulture; JPS kite ), a bird of prey of the genus Milvus, of which two species inhabit Israel: the M. milvus which in limited numbers winters in the country, and the dark brown M. migrans which is indigenous …   Encyclopedia of Judaism

  • Kite — Kite, v. i. To raise money by kites; as, kiting transactions. See {Kite}, 6. [Cant] [1913 Webster] …   The Collaborative International Dictionary of English

  • Kite — Kite, GA U.S. town in Georgia Population (2000): 241 Housing Units (2000): 140 Land area (2000): 0.804862 sq. miles (2.084582 sq. km) Water area (2000): 0.000000 sq. miles (0.000000 sq. km) Total area (2000): 0.804862 sq. miles (2.084582 sq. km)… …   StarDict's U.S. Gazetteer Places

  • Kite, GA — U.S. town in Georgia Population (2000): 241 Housing Units (2000): 140 Land area (2000): 0.804862 sq. miles (2.084582 sq. km) Water area (2000): 0.000000 sq. miles (0.000000 sq. km) Total area (2000): 0.804862 sq. miles (2.084582 sq. km) FIPS code …   StarDict's U.S. Gazetteer Places

  • Kite — Kite, n. The belly. [Prov. Eng. & Scot.] [1913 Webster] …   The Collaborative International Dictionary of English

  • Kite — カイト (Kaito) Género Drama, Thriller, Crimen, Animación, Terror psicológico, Cine negro Dirección Yasuomi Umetsu Estudio Arms …   Wikipedia Español

  • kite — v. To write fraudulent checks; to write checks on an account with insufficient funds in the hopes that funds sufficient to cover the check will be deposited before the check is presented to the bank for payment. n. kiting, check kiting See also… …   Law dictionary

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