What is it called when a client with accounts in two or more banks takes advantage of the time required for cheques to clear to obtain unauthorized use of bank funds?

Question

Quizplus · Accepted Answer

Cheque kiting refers to the illegal activity of exploiting the float (the time between the deposit of a cheque in a bank account and its clearance) to make use of non-existent funds in a checking or other bank account. This is done by writing a cheque from one bank account to deposit in another and vice versa, when neither account has sufficient funds to cover the cheques being written.

What Is It Called When a Client with Accounts in Two