Reference > Brewer’s Dictionary > Kite-flying.

 Kite (A),Kitely (2 syl.). 
CONTENTS · BIBLIOGRAPHIC RECORD
E. Cobham Brewer 1810–1897. Dictionary of Phrase and Fable. 1898.
 
Kite-flying.
 
To fly the kite is to “raise the wind,” or obtain money on bills, whether good or bad. It is a Stock Exchange phrase, and means as a kite flutters in the air by reason of its lightness, and is a mere toy, so these bills fly about, but are light and worthless. (See STOCK EXCHANGE SLANG.)   1
 


 Kite (A),Kitely (2 syl.). 

 
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