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Kiting
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Kiting1) Used in banking to refer to the practice of depositing and drawing checks at two or more banks and taking advantage of the time it takes for the second bank to collect funds from the first bank. 2) Also refers to illegally increasing the face value of a check by changing the numbers on the check. 3) In the context of securities, refers to the manipulation and inflation of stock prices.
RELATED TERMS--------------------------------------
Advantage
ADVANTAGE is a credit union with head office in ROCHESTER, NY
Bank
A commercial institution licensed as a receiver of deposits. Banks are mainly concerned with making and receiving payments as well as supplying short-term loans to individuals.
Value
The worth or desirability of something expressed as an amount of money.
Check
A bill of exchange representing a draft on a bank from deposited funds that pays a certain sum of money to a certain person or party.
Securities
Saleable papers, traded on stock exchanges, that yield an income (dividend, interest, etc.).
Manipulation
Dealing in a security to create a false appearance of active trading, in order to bring in more traders. Illegal.
Inflation
A rise in the general level of prices, and an increase in the money supply.
Stock
US equivalent of the British word "share", a block of shares with a nominal value of 100, or various kinds of fixed-interest securities; in Britain, goods stored ready for sale, raw materials, work in progress and finished but unsold products.
SIMILAR TERMS--------------------------------------
PREVIOUS AND NEXT TERMS--------------------------------------
Kickback
1) In the context of finance, refers to compensation of dealers by sales finance companies for discounting installment purchase paper. 2) In the context of contracts, refers to secret payments made to insure that the contract goes to a specific firm.
Kicker
A right, warrant, or some other feature added to a debt instrument to make it more desirable to potential investors.
Kiddie tax
In the US, a tax imposed on the investment income of children under the age of 14 where such income exceeds a certain level.
Killer bees
Those who help a company fend off a takeover attempt with the use of defensive strategies.
KISS
A quotation information service system registering and transmitting real-time quotations on the Frankfurt stock market.
Kiting
Knock for knock agreement
Although it currently rarely applies, this is a motor insurance term describing an agreement between insurance companies where each pays the claims of its own clients following an accident.
Knock in option
A latent option contract that begins to function as a normal option ("knocks in") only once a certain price level is reached before expiration.
Knock out option
An option that- is worthless at expiration if the underlying commodity or currency price reaches a specific price level.
Know your customer
Banks use their KYC system, inquiring of existing and potential clients about where they got their unusual money deposits and what they intend to do with them.
Kondratiev wave
An economic theory created by Soviet economist Nikolai Kondratiev that states that Western capitalist economies are susceptible to high performance volatility.
RELATED TERMS--------------------------------------
Advantage
ADVANTAGE is a credit union with head office in ROCHESTER, NY
Bank
A commercial institution licensed as a receiver of deposits. Banks are mainly concerned with making and receiving payments as well as supplying short-term loans to individuals.
Value
The worth or desirability of something expressed as an amount of money.
Check
A bill of exchange representing a draft on a bank from deposited funds that pays a certain sum of money to a certain person or party.
Securities
Saleable papers, traded on stock exchanges, that yield an income (dividend, interest, etc.).
Manipulation
Dealing in a security to create a false appearance of active trading, in order to bring in more traders. Illegal.
Inflation
A rise in the general level of prices, and an increase in the money supply.
Stock
US equivalent of the British word "share", a block of shares with a nominal value of 100, or various kinds of fixed-interest securities; in Britain, goods stored ready for sale, raw materials, work in progress and finished but unsold products.
SIMILAR TERMS--------------------------------------
PREVIOUS AND NEXT TERMS--------------------------------------
Kickback
1) In the context of finance, refers to compensation of dealers by sales finance companies for discounting installment purchase paper. 2) In the context of contracts, refers to secret payments made to insure that the contract goes to a specific firm.
Kicker
A right, warrant, or some other feature added to a debt instrument to make it more desirable to potential investors.
Kiddie tax
In the US, a tax imposed on the investment income of children under the age of 14 where such income exceeds a certain level.
Killer bees
Those who help a company fend off a takeover attempt with the use of defensive strategies.
KISS
A quotation information service system registering and transmitting real-time quotations on the Frankfurt stock market.
Kiting
Knock for knock agreement
Although it currently rarely applies, this is a motor insurance term describing an agreement between insurance companies where each pays the claims of its own clients following an accident.
Knock in option
A latent option contract that begins to function as a normal option ("knocks in") only once a certain price level is reached before expiration.
Knock out option
An option that- is worthless at expiration if the underlying commodity or currency price reaches a specific price level.
Know your customer
Banks use their KYC system, inquiring of existing and potential clients about where they got their unusual money deposits and what they intend to do with them.
Kondratiev wave
An economic theory created by Soviet economist Nikolai Kondratiev that states that Western capitalist economies are susceptible to high performance volatility.
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This dictionary contains 24549 terms.
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