Glossary
Welcome to SFNet's Secured Finance Glossary of industry terms. Currently the SFNet Glossary has over 400 industry terms and definitions. You can search specific terms in the search tool above, or use the alpha tool below and progress on the paginations.
Kiting 
A form of check fraud whereby a check may be drawn against uncollected or insufficient funds with the intention of creating a false balance in the account by taking advantage of the time laps required for collection. Kiting also occurs when a securities firms fails to deliver securities of buy and sell transactions in a timely manner.