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Simple English definitions for legal terms

check-kiting

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A quick definition of check-kiting:

Term: Check-kiting

Definition: Check-kiting is when someone writes a check from one bank account, even though they don't have enough money in that account, and then quickly deposits the check into another account to cover the first one. This is illegal because it tricks the banks into thinking there is more money than there really is. Some banks have rules to prevent check-kiting, like waiting a few days before the money is available. If someone gets caught check-kiting, they could be in big trouble with the law.

A more thorough explanation:

Definition: Check-kiting is when someone writes a check from one bank account, deposits it into another account, and then withdraws the money before the check clears. This is illegal and can be considered bank fraud.

For example, let's say John has two bank accounts: Account A and Account B. He writes a check for $500 from Account A and deposits it into Account B. Before the check clears, he withdraws $500 from Account B. This gives him access to $500 that he doesn't actually have.

Check-kiting is a way for people to temporarily inflate their bank account balances and access money that they don't have. However, it's illegal and can result in serious consequences.

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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