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English definition of “kite”

kite

noun [C]     /kaɪt/ US informal BANKING, LAW
an illegal act of using cheques that have been kited to obtain money: The kite can go on for weeks before one of the accounts goes into overdraft when the checks are returned.
a cheque that has been kited
(Definition of kite noun from the Cambridge Business English Dictionary © Cambridge University Press)
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