Business Terms and Jargon Explained

What is KITING

This is where a cheque is written when there are insufficient funds to cover that amount in the bank account. This is normally done when there is expected to be funds in the account when the cheque is cashed.

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Aggregate Supply Order Optimisation Leverage
Council conclusions - EU Collateralised Transactions Testacy
Accounts receivable Negligible Value Overseas company
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Lawyer Spam Company Secretary
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Accumulation Internal Control Grant of confirmation
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MoneyGram Independent Review Service Drawings

Term created / updated 2005-07-16 23:12:15

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