KITING


Meaning of KITING in English

Used in the context of banking to refer to the practice of depositing and drawing checks at two or more banks and taking advantage of the time it takes for the second bank to collect funds from the first bank.

Also refers illegally increasing the face value of a check by changing the print on the check.

Used in the context of securities to refer to the manipulation and inflation of stock prices.

Campbell R. Harvey. Hypertextual finance English glossary.      Английский словарь гипертекстовых финансов.