kiting money definition
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Kiting Kiting Definition: Used in banking to refer to the practice of depositing and drawing checks 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 check by changing the numbers on the check.
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- 1. a set of tools, supplies, construction materials, etc, for use together or for a purpose: a first-aid kit; a model aircraft kit. 2. the case or container for such a set. 3. a. a set of pieces of equipment ready to be assembled. b. (as modifier): kit furniture.
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- Celeste NP : Flomax is eliminated mainly thru the kidneys. The half life is 9-13 hours. Meaning that in 9-13 hours after your last dose 50% is out os your system, in another 9-13 hours 75% is out of your system and in another 9-13 hours almost 100% is out of your system.
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- Key concepts: A hydrogen bond is formed by the interaction of a hydrogen atom that is covalently bonded to an electronegative atom (donor) with another electronegative atom (acceptor). Hydrogen bonding confers rigidity to the protein structure and specificity to intermolecular interactions.
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- Loading the player... Also known as helicopter money, a helicopter drop is a hypothetical, unconventional tool of monetary policy that involves printing large sums of money and distributing it to the public in order to stimulate the economy.
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Definition of 'living expenses' the money that has to be spent on food, housing, clothes, transport etc. 1  Work out your monthly mortgage, running costs and living expenses. 2  Her income just covers her living expenses and she has not been able to build up any savings.
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What is 'Money' Money is the circulating medium of exchange as defined by a government. Money is often synonymous with cash, including negotiable instruments such as checks. Each country has its own money, or currency, that is used as a medium of exchange within that country (some countries share a type of currency, such as the euro used by the European Union). An officially-issued legal tender generally consisting of currency and coin.
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- A sucker who is roped into a scam unknowingly and often used as a scapegoat to deflect the attention of the authorities from the real crime. In tonight's news, the pastor of a local church became a straw man in a check kiting scam.
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money Definition of money for English Language Learners. : something (such as coins or bills) used as a way to pay for goods and services and to pay people for their work. : a person's wealth : the money that a person has.
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Publication 17 (2017), Your Federal Income Tax (fish´ing) (n.) The act of sending an email to a user falsely claiming to be an established legitimate enterprise in an attempt to scam the user into surrendering private information that will be used for identity theft.
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- n. pl. cur·ren·cies. 1. Money in any form when in actual use as a medium of exchange, especially circulating paper money. 2. Transmission from person to person as a medium of exchange; circulation: coins now in currency. 3.
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stocking stocking. 1  a close-fitting covering for the foot and part of the leg, usually knitted, of wool, cotton, nylon, silk, or similar material. 2  something resembling such a covering. 3  in one's stocking feet, wearing stockings, but without shoes: Be careful of glass splinters if you walk through here in your stocking feet.
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Check Float and Check Kiting in Finance and Trading Definitions and Meaning Explained Check Float and Check Kiting in Finance and Trading. Definitions and Meaning Explained. The time between deposit of a written check and payment by the check writer's bank is known as float.. If the check writer uses float time to benefit from a free loan, without sufficient funds on deposit to cover the check, the practice is known as kiting..
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- TRUE-UP, generally, is to make level, square, balanced, or concentric. Used in business as an expression meaning to bring into alignment with predetermined criteria or process. Learn new Accounting Terms. CASH is money, in the form of notes and coins, which constitutes payment for goods at the time of purchase. KYAT is a currency of Burma / Myanmar. Enter a term, then click the entry you would like to view.
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- the items forming a soldier’s equipment; ‘articles of kit’, 1785; a number, set, lot, or contents of a vessel, hence, a soldier’s or traveller’s or workman’s kit—Gepp; a person’s baggage or a collection of anything—Slang Dictionary, 1874. Examples: kit of pigeons, 1880; of tools, 1881.
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money laundering Definition. Legitimization (washing) of illegally obtained money to hide its true nature or source (typically the drug trade or terrorist activities).se money laundering in a sentence. Show more usage examples... The rampant money laundering that occurred in Miami in the 1980's led to banks charging customers a percentage of their deposits just for the privilege of storing their clean money in banks across the city.
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History of Anti-Money Laundering Laws Money laundering is the process of making illegally-gained proceeds (i.e. dirty money) appear legal (i.e. clean). Typically, it involves three steps: placement, layering, and integration. First, the illegitimate funds are furtively introduced into the legitimate financial system.
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Coin a phrase Coining, in the sense of creating, derives from the coining of money by stamping metal with a die. Coins - also variously spelled coynes, coigns, coignes or quoins - were the blank, usually circular, disks from which money was minted. This usage derived from an earlier 14th century meaning of coin, which meant wedge. The wedge-shaped dies which were used to stamp the blanks were called coins and the metal blanks and the subsequent 'coined' money took their name from them. Coining later began to be associated with inventiveness in language.
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"What does power to ""coin Money"" mean??" Best Answer: Coin money generally refers to mints pressing coins, but it also means printing money, and at one time setting the value of gold and silver. It means making money, and think there are nine definitions of money. Coin Money. This Site Might Help You.
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- Definition of 'Vesting Bonus'. Definition: Vesting bonus is the bonus given by the insurer to the policy holder after ascertaining its assets and liabilities. Description: The vesting bonus is added to the policy and given to the insured. They are paid on maturity or on death of the assured.
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Check kiting The purpose of check kiting is to falsely inflate the balance of a checking account in order to allow written checks to clear that would otherwise bounce. If the account is not planned to be replenished, then the fraud is colloquially known as paper hanging.
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- 1729, Jonathan Swift, A Modest Proposal: Thirdly, Whereas the Maintainance of an hundred thousand Children, from two Years old, and upwards, cannot be computed at less than Ten Shillings a piece per Annum, the Nation's Stock will be thereby encreased fifty thousand pounds per Annum, besides the profit of a new Dish, introduced to the Tables of all ...
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Jackpotting: hackers are making ATMs give away cash Jackpotting: hackers are making ATMs give away cash Two of world’s largest cash machine makers and US Secret Service warn of attacks that empty ATMs at rate of 40 notes per 20 seconds Samuel Gibbs
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DEFINITION of 'Soft Money' DEFINITION of 'Soft Money' Soft money is money that is donated to political parties where the purpose is not to promote a specific candidate. Soft money is largely unregulated, and there is no cap on it. Political parties can essentially spend it on whatever they want as long as it fits a generic objective to increase the vote. Soft money is often called nonfederal contributions.
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Check kiting Another version of this scheme involves purchasing an item from a place of retail with a check, and returning it promptly for a cash refund, followed by depositing that cash into the transactional account. This is more difficult these days, as more places of retail will delay a refund on purchases made by check.
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Meaning of âfinancial budgetingâ in the English Dictionary financial budgetingnoun [ U ] uk ​ us ​ FINANCE, ACCOUNTING. › the process of calculating how much money you will earn during a particular period of time, and planning how much you will spend, save, and borrow: Financial budgeting is vital if you want to pay your mortgage off early.