What is a kite money?

What is a kite money?

Kiting is the fraudulent use of a financial instrument to obtain additional credit that is not authorized. Kiting encompasses two main types of fraud: Issuing or altering a check or bank draft for which there are insufficient funds.

What is cockney rhyming slang for cheque?

Kite is Cockney Rhyming Slang for Cheque!

What is a kite slang for?

Anyone who practices medicine in a jail or prison has to become familiar with a broad array of slang terms that are unique to the correctional setting. One such word is “kite.” In a jail or a prison, the term “kite” refers to a written request for something.

What is kite flying in banking?

Kite flying is known as Check kiting which is a form of check fraud, involving taking advantage of the float to make use of non-existent funds in a checking or other bank account. In this way, instead of being used as a negotiable instrument, checks are misused as a form of unauthorized credit.

Is playing the float illegal?

Real World Example of Float Such moves are not illegal, either for individuals or for institutions, if the money involved is all their own. However, playing with float can spill into the realm of wire fraud or mail fraud if it involves the use of others’ funds.

Why is a pony 25?

£25 is known as a pony in slang & it’s believed to have originated during the Raj in India where some old Indian Rupee banknotes carried pictures of animals like pony £25 & monkey £500 on them. £50 is a bullseye. There is no £25 note only £20 & £50 etc. The term comes from the picture on an Indian 25 Rupee bank note.

Why is a belly called a derby?

“Derby Kell” is old Cockney rhyming slang for belly (“Derby Kelly”). It uses the word kite (also kyte), a dialect word, originally derived from an Old English word for the womb which, by extension, came to mean the belly.

What kind of person is a kite?

archaic a person who preys on others. commerce a negotiable paper drawn without any actual transaction or assets and designed to obtain money on credit, give an impression of affluence, etc. fly a kite See fly 1 (def. 14)

How do you check a kite?

Kiting is commonly defined as intentionally writing a check for a value greater than the account balance from an account in one bank, then writing a check from another account in another bank, also with non-sufficient funds, with the second check serving to cover the non-existent funds from the first account.

What does kite mean in gaming?

Kiting
Kiting is a term primarily encountered in MMORPGs referring to a popular method of killing mobs (monsters) or other players by staying at a distance, using ranged attacks, and running whenever the enemy comes near. Similar tactics may be used in other computer and video games.

Can you write a check to yourself with no money?

Writing a check to yourself isn’t illegal. You’re simply starting a transaction from one bank to another using different accounts, both of which are on your name. Because no clearing is required as the bank guarantees the money, you will need to pay attention to the date on the check.

What is a Kyte?

1 chiefly Scotland : belly sense 1. 2 chiefly Scotland : belly sense 2a.

Why is 500 a monkey?

MONKEY. Meaning: London slang for £500. Derived from the 500 Rupee banknote, which featured a monkey. Referring to £500, this term is derived from the Indian 500 Rupee note of that era, which featured a monkey on one side.

Why is pony slang for poo?

(Cockney rhyming slang) Of little worth; crap. (Cockney rhyming slang) Excrement; the act of defecation. …

Is belly a slang word?

“Tummy” is one slang word. Slang words for “stomach” include “tumtum”, “tummy”, and “belly”.