teeming and lading

teeming and lading: Fin

a fraud based on a continuous cycle of stealing and later replacing assets (generally cash), each theft being used in part, or in full, to repay a previous theft in order to avoid detection

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teeming and lading — See: lapping … Accounting dictionary
teeming and lading — A British term for *lapping … Auditor's dictionary
lapping — In the USA, the fraudulent practice of concealing a shortage of cash by delaying the recording of cash receipts. In the UK it is referred to as teeming and lading. There are a number of variations, but essentially the cashier conceals the theft… … Accounting dictionary
lapping — In the USA, the fraudulent practice of concealing a shortage of cash by delaying the recording of cash receipts. In the UK it is referred to as teeming and lading. There are a number of variations, but essentially the cashier conceals the theft… … Big dictionary of business and management

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