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 ?
A person who was on Ryan's conference call with GOP lawmakers said the speaker declared that he will "spend his entire energy making sure that Hillary Clinton does not get a blank check with a Democrat-controlled Congress." The person wasn't authorized to be quoted by name and demanded anonymity.
The SEC has charged a Florida man with fraud for being part of a scheme to register and sell stock in blank check companies disguised as promising startups to illicitly profit off the investing public.
Graham argued that such a blank check for a president to attack Iran would provide real pressure on it to negotiate seriously with the United States.
Unlike most blank check companies, this one will be listed on the American Stock Exchange, underwritten by Goldman Sachs.
The TV ad initially identified Oregonians Against the Blank Check and Reynolds American as the ad's sponsor.
You say you were out of your mind to write a blank check for this hideous abuse of American military power.
With the loss of the live news program, along with the sale of the company last April to Coconut Palm Acquisition Corp., a "blank check" public company based in Boca Raton, Fla., Krile said his role at Equity was slowly diminishing.
He is appointed to investigate corruption by a high official of the party, and given a blank check for authority.
Foreign taxpayers should note however that Swallows is not a blank check for not filing returns.
It seems that clients are unfamiliar with the product that they're requesting, and nobody likes to agree to buy a proverbial "pig in a poke." That being said, they're even less inclined to hand over a blank check.
It's also a pain to store an inventory of different blank check stock, and to switch them during print runs.
In any event, Bush argues that Congress already wrote him a blank check. As the President put it in a speech in January in Kansas, "Congress gave me the authority to use necessary force to protect the American people, but it didn't prescribe the tactics."