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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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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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