Yes, kite is a Scrabble word!

Verb

1. Increase the amount (of a check) fraudulently

2. Get credit or money by using a bad check

3. Soar or fly like a kite

4. Fly a kite

Noun

1. A bank check that has been fraudulently altered to increase its face value

2. A bank check drawn on insufficient funds at another bank in order to take advantage of the float

3. Plaything consisting of a light frame covered with tissue paper; flown in wind at end of a string

4. Any of several small graceful hawks of the family Accipitridae having long pointed wings and feeding on insects and small animals