lapping

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 of cash received from the first customer by recording the cash received from the second customer as attributable to the first, and so on with subsequent customers. The cashier hopes to be in a position to replace the cash before the dishonesty is discovered. As such hopes are frequently based on attempts at gambling, the deception is often discovered.

Accounting dictionary. 2014.

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  • Lapping — is a machining operation, in which two surfaces are rubbed together with an abrasive between them, by hand movement or by way of a machine.This can take two forms. The first type of lapping (traditionally called grinding), typically involves… …   Wikipedia

  • Lapping — Lap ping, n. A kind of machine blanket or wrapping material used by calico printers. Ure. [1913 Webster] {Lapping engine}, {Lapping machine} (Textile Manuf.), A machine for forming fiber info a lap. See its {Lap}, 9. [1913 Webster] …   The Collaborative International Dictionary of English

  • lapping — [LÉPING] s. n. maşină pentru fasonat suprafaţa unor piese lucrate. (< engl. lapping) Trimis de raduborza, 07.05.2008. Sursa: MDN …   Dicționar Român

  • lapping — ● lapping nom masculin (anglais to lap, laper) Finition par rodage d une surface métallique au moyen d une poudre abrasive …   Encyclopédie Universelle

  • lapping — lap·ping / la piŋ/ n [gerund of lap to overlap]: the practice of misappropriating entrusted funds and then covering up the act by using other entrusted funds or funds subsequently received in a continuous process of concealment Merriam Webster’s… …   Law dictionary

  • lapping — The shifting of accounting entries for *cash receipts between *accounts receivable balances to hide stolen cash. Lapping is possible in cases where a *bookkeeper (i) handles cash receipts from customers and (ii) records cash receipts in accounts… …   Auditor's dictionary

  • Lapping — This interesting surname is derived from the old French lappin meaning rabbit , used either to describe a hunter of rabbits, or a nickname for a timorous person. The surname dates back to the early 14th Century (see below). Further recordings… …   Surnames reference

  • Lapping — Lap Lap, v. t. [imp. & p. p. {Lapped}; p. pr. & vb. n. {Lapping}.] 1. To rest or recline in a lap, or as in a lap. [1913 Webster] To lap his head on lady s breast. Praed. [1913 Webster] 2. To cut or polish with a lap, as glass, gems, cutlery, etc …   The Collaborative International Dictionary of English

  • lapping — adj. Lapping is used with these nouns: ↑wave …   Collocations dictionary

  • Lapping (disambiguation) — Lapping is a machining operation, in which two surfaces are rubbed together with an abrasive between them, by hand movement or by way of a machine.Lapping may also refer to:*Lapping (motorsport), the act of passing someone who is one circuit of… …   Wikipedia

  • Lapping engine — Lapping Lap ping, n. A kind of machine blanket or wrapping material used by calico printers. Ure. [1913 Webster] {Lapping engine}, {Lapping machine} (Textile Manuf.), A machine for forming fiber info a lap. See its {Lap}, 9. [1913 Webster] …   The Collaborative International Dictionary of English

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