Check Kiting Is Defined as

question 24

Multiple Choice

Check kiting is defined as

• A)indorsing a check while knowing that the check is a stolen check.
• B)carelessly paying an unauthorized instrument.
• C)a scheme of overdrawing account "A" by depositing a check in account "B," then overdrawing account "B" to cover the insufficient funds in account "A."
• D)issuing an instrument to an impostor who negotiates the instrument to a bank that is unaware of the fraud.

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Definitions:

State Contracts

Agreements entered into by government entities for the procurement of goods and services, subject to specific regulatory and legal frameworks.

Construction Company

A business entity involved in the building of structures, infrastructures, and related activities.

Prior Probability

The probability of an event or outcome before new data is taken into account, used in Bayesian analysis.

Event

A happening or occurrence, often significant in the context it is mentioned.