Gazinya Wrote:
Dec 01, 2012 10:21 AM
When a peson writes a check to purchase something and there is no funds to cover the check, it is called 'check kiting'. The 'kiter' will know that it is bogus but the 'trusting' merchant that takes the check will not know until the check 'bounces'. The check is returned with 'insufficient funds' stamped on the returned check. Meaning 'of a quantity not able to fulfill a need or requirement'. The Obama is still 'kiting checks' on 'insufficient funds' that are still being 'cashed' by a trusting yet incompetent merchant. The Obama Bounce.