Joint Account:
An account owned by two or more persons. Either party can conduct transactions separately or together as set forth in the deposit account contract.
Alphabet-K
Kiting:
Writing a check in an amount that will overdraw the account but making up the deficiency by depositing another check on another bank. For example, mailing a check for the mortgage when your checking account has insufficient funds to cover the check, but counting on receiving and depositing your paycheck before the mortgage company presents the check for payment.
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