The Law Dictionary

Featuring Black’s Law Dictionary Free Online Legal Dictionary 2nd Ed.


Fraudulent scheme. Additional checks are issued against funds that a bank has already credited into an account for deposited, but as-yet, uncleared checks (refer to check clearing). It is played as an interest free and unauthorized loan with careful timing of deposits and withdrawals. It can be turned into a large sum. Because, in reality, no funds exist, it is different than ‘playing float’.


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