Home > Term: Kiting
Kiting
Used in of banking to refer to the practise of depositing and drawing cheques 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 to illegally increasing the face value of a cheque by changing the numbers on the check. In the context of securities, refers to the manipulation and inflation of stock prices.
- Part of Speech: noun
- Industry/Domain: Financial services
- Category: General Finance
- Company: Bloomberg
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- Harry8L
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(London, United Kingdom)