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kiting
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   Also found in: Medical, Legal, Financial, Wikipedia 0.02 sec.

kiting

US term for artificially boosting a company's value in its accounts. On the last day of the accounting period cash is paid into one current account from another. The account transferring the money out will not be debited in the accounting period but the new account will be credited in that period.



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Creating or designating an area for launching and landing allows curious spectators a safe boundary to view the activity, and a point of reference for kiters returning to shore.
``There is a huge increase in interest in kite flying as a hobby and as a sport,'' said Judy Brown, president of Associated Oregon Kiters.
Even the most clever kiter cannot hide the signs that can accurately signal kiting activity.
 
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