Meaning of “kite” in the English Dictionary

"kite" in American English

See all translations

kitenoun [ C ]

us /kɑɪt/

a light frame covered with plastic, paper, or cloth that is flown in the wind at the end of a long string, esp. for amusement:

On windy days the kids fly their kites in the park.

(Definition of “kite” from the Cambridge Academic Content Dictionary © Cambridge University Press)

"kite" in Business English

See all translations

kiteverb [ I or T ]

uk /kaɪt/ us US informal BANKING, LAW

to illegally write a cheque on one account, which does not contain enough money to pay it, and deposit it another, taking the money from the second before it is discovered that the cheque is bad:

He was indicted for kiting checks at United Bank.
The broker was jailed for a kiting scheme.

to use stolen cheques:

Anybody who knows that people are kiting cheques invoices should resign.

kitenoun [ C ]

uk /kaɪt/ us 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” from the Cambridge Business English Dictionary © Cambridge University Press)