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Definition
Fraudulent practice of concealing theft of cash. Lapping occurs when a cashier or clerk steals cash from one customer's payment and covers it up by stealing cash from the next customer's payment ... and so on. It is easier where cash handling and cash recording duties are handled by the same person. Also called teeming and lading.
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lapping is in the Accounting & Auditing, Banking, Commerce & Finance and Corporate, Commercial, & General Law subjects.
lapping appears in the definition of the following term: teeming and lading
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http://www.businessdictionary.com/definition/lapping.html