Blank check

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Blank check

A check that is duly signed, but the amount of the check is left blank to be supplied by the drawee.

Blank Check

1. A check made payable to a certain person, organization, or to cash, and signed by the writer with the amount of the check left blank. That is, a blank check allows the payee (or anyone else) to determine the amount of the check. A blank check can be very dangerous, especially if one is made to a person the writer does not trust or if the payee does not know how much is in the writer's account. It easily can lead to (sometimes significant) overdrafts.

2. Informal for a situation or transaction requiring a great deal of trust between the parties.
References in periodicals archive ?
The official explained that customers have the right to refuse issuing blank cheques to banks, and that if they are required to do so, they should request for a loan from another bank instead.
Global Banking News-June 26, 2014--UAE Central Bank comes out against blank cheque guarantees
Hammouda says it is always recommended not to sign any blank cheques.
The Commission says: "It emerged that the then treasurer [Mr Murphy] regularly held several pre-signed blank cheques on his person and there had been a practice of signing blank cheques for 27 years.
The third partner travelled out of Bahrain on business, leaving four signed, blank cheques and a cheque book with the 34-year-old, in case he needed cash.
Tustin persuaded "unwisely as it turned out" Dr Meenu Brown, the sole doctor of the practice, to sign blank cheques after claiming it would help the running of the finances, said Mr Henderson.
Joe, 28 - the soap's downtrodden Matthew Rose - had money lifted from his account after a porter with a master key slipped into his room and took blank cheques.
Between May 2002 and October 2004, Stephen Beattie used his position as financial controller of the British Racing Driving Club (BRDC) - the owners of the Northamptonshire track - to dupe officials into signing blank cheques.
Although he has had only two years of schooling, the company trusted him with a stack of blank cheques and sent him out to buy standing timber and contract with loggers to deliver it to the company.
We confiscated 5,357 cheques, including 3,116 blank cheques, 2,241 cheques with a value equivalent to Dh14 million," said Ahmad Lahej, Director of Air Customs Centres at Dubai Customs.
However, the woman denied the charges before the police, saying she used to issue blank cheques to the property company under her sponsorship to ease its financial transactions.
Rocio Pavon-Navarrete, 46, allegedly stole two signed blank cheques from Mr Brown while he was away.