Glossary

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K

KAPUT: Destroyed, incapacitated, useless, terminated.

KICKBACK: A return of a part of a fee given back because of a confidential agreement or coercion.

KITE CHECKS: To execute and deliver a check in payment of a debt at a time when the drawer has insufficient money in the bank, but with the intention of making a deposit to cover the shortage before the check is presented for payment.