float paper

float paper
   to issue cheques or other securities unsecured by bank deposits or assets
   Before the computer, banks took several days to clear cheques, an interval which could be used for taking unauthorized credit:
    He could probably stall [bankers] for the necessary twenty-four hours. It wouldn't be the first time Lorimer had floated paper for a day or two. (Weverka, 1973)

How not to say what you mean: A dictionary of euphemisms. . 2014.

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