What is writing a cheque from one account,depositing it in a second account and then immediately spending money from the second account while the money from the first account is still in transit called?
A)Account manipulation
B)Cheque kiting
C)Deposit timing
D)Arbitrage
E)Withdrawal bridging

Question

Quizplus · Accepted Answer

Cheque kiting is the practice of writing a cheque from one account, depositing it in another, and then using the funds before the cheque clears, exploiting the float time.

What Is Writing a Cheque from One Account,depositing It in a Second