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LSDefine

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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TGM
18:39
@texaslawhopefully: alas, haven’t even gotten an interview (applied around thanksgiving)
18:39
Yeah I would delay as long as you have plausible deniability
TGM
18:40
I actually do have a transcript issue that registrar needs to resolve, should I say that
TGM
18:41
(Course marked as Incomplete that’s supposed to be removed)
TGM
18:41
not sure if I should email them to say that, or just hold off on sending it and not give an excuse
18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
18:47
hey yall
18:47
im premed idk why im here
18:48
we’re like cool and sexy and fun I get it
18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
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