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
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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.
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I heard that some people try to get away with cheque kiting by moving money between accounts before the cheques bounce.
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Don't even think about cheque kiting, you'll get caught and end up in serious trouble.
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His financial schemes were like a game of cheque kiting, always trying to stay one step ahead of the consequences.