the practice of drawing cheques on deposits which are already committed, assuming that the delay in clearing the cheque will allow time to replenish the account
Also called: kiting
Examples of 'kiting' in a sentence
kiting
How does it feel to be a snow-kiting pioneer?
Times, Sunday Times (2007)
He takes advantage of the strong island winds to teach traction kiting.
Globe and Mail (2003)
He loved kiting and climbing.
Times, Sunday Times (2007)
A little community of kiting trailblazers has sprung up, drawn by the conditions and the remote, chilled-out vibe.
Times, Sunday Times (2013)
Extreme beach sports including surfing, kite-surfing, mountain boarding, traction-kiting and wave-skiing are all bookable through the hotel.