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Glossary(K)
K
Keogh Account
:A type of retirement account separately insured from IRA and Roth IRA accounts.
Kiting
:Writing a check in an amount that will overdraw the account but making up the deficiency by depositing another check on another financial institution. 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.