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Kite (Noun)

A bank check that has been fraudulently altered to increase its face value.

Nouns denoting possession and transfer of possession.

The bank's security team was trained to detect kites, which were becoming increasingly common in the area.
After cashing the kite, the thief quickly left the country to avoid detection.
The teller was unaware that the check she had just cashed was a kite, and it wasn't until the next day that the problem was discovered.
The company's accounting department was hit hard by a series of kites that had been cashed over the course of several months.
The police were able to track down the perpetrator of the kite scheme by following a trail of suspicious transactions.

A bank check drawn on insufficient funds at another bank in order to take advantage of the float.

Nouns denoting possession and transfer of possession.

The suspect was accused of kiting a check from his account at Bank A to Bank B, hoping to cover the overdraft before it was discovered.
A student was caught kiting a check to pay for her tuition, resulting in a hold on her account and a meeting with the university's financial aid office.
The business owner was brought to court for kiting several checks to keep his struggling company afloat, but it ultimately led to his downfall.
After getting caught kiting a check, the individual's credit score plummeted, and they were banned from opening a new bank account.
The bank's security team was tasked with detecting and preventing check kiting schemes, which had been costing the institution thousands of dollars.