Check Kiting Has Been a Means, Although Neither an Ethical

question 62

Essay

Check kiting has been a means, although neither an ethical nor legal means, of allowing a firm to use its uncollected cash. How did the Check Clearing Act for the 21st Century (Check 21) affect this practice?

---

Definitions:

Class I Lever

A type of lever where the fulcrum is placed between the effort and the load, commonly exemplified by a seesaw.

Movable End

A term describing an object or part of a system that is free to move or be manipulated, often used in mechanical contexts.

Skeletal Muscle

A type of striated muscle tissue which is attached to bones and is responsible for the movement of the skeleton.

Insertion

More movable attachment point of a muscle; usually, the lateral or distal end of a muscle associated with the limbs; also called mobile end.