Cheque Kiting

C1 16+
Pronunciation Definitions Examples Grammatical Forms Origin and Evolution

Pronunciation: /tʃɛk kaɪtɪŋ/

Definitions of cheque kiting

noun a fraudulent scheme in which a person writes a cheque from one bank account with insufficient funds, deposits it into another account, then withdraws the funds before the cheque clears

Example Sentences

A1 Cheque kiting is a type of fraud involving writing bad cheques.

A2 I heard that cheque kiting can lead to serious legal consequences.

B1 The bank discovered the cheque kiting scheme and alerted the authorities.

B2 The company's CFO was arrested for cheque kiting and embezzlement.

C1 Cheque kiting is a sophisticated financial crime that requires careful planning.

C2 The investigation revealed a complex network of individuals involved in cheque kiting across multiple accounts.

Examples of cheque kiting in a Sentence

formal Cheque kiting is a form of fraud where a person writes a cheque from one bank account with insufficient funds, then deposits it into another account and withdraws the money before the cheque clears.

informal I heard that some people try to get away with cheque kiting by moving money between accounts before the cheques bounce.

slang Don't even think about cheque kiting, you'll get caught and end up in serious trouble.

figurative His financial schemes were like a game of cheque kiting, always trying to stay one step ahead of the consequences.

Grammatical Forms of cheque kiting

past tense

cheque kited

plural

cheque kitings

comparative

more cheque kiting

superlative

most cheque kiting

present tense

cheque kites

future tense

will cheque kite

perfect tense

have cheque kited

continuous tense

is cheque kiting

singular

cheque kiting

positive degree

cheque kiting

infinitive

to cheque kite

gerund

cheque kiting

participle

cheque kited

Origin and Evolution of cheque kiting

First Known Use: 1930 year
Language of Origin: English
Story behind the word: The term 'cheque kiting' originated from the practice of writing cheques against non-sufficient funds, taking advantage of the time it takes for the cheques to clear.
Evolution of the word: Originally used to describe the fraudulent practice of exploiting the time delay in cheque processing, 'cheque kiting' has evolved to encompass various forms of check fraud and has become a common term in the banking industry.