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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
Mark Nunn and his son persuaded Mr Hogg to give them a blank cheque
"I don't think agreeing to a blank cheque takes us any further forward."
During a visit to North Wales last Friday, Welsh Conservative leader Andrew RT Davies said: "Despite the First Minister's promises, the cost of the Black Route has spiralled and we can't just write a blank cheque for this project.
" There is no blank cheque in politics," Congress spokesperson Abhishek Manu Singhvi said when asked about his party's stand on the Insurance Bill.
The central bank of UAE has opined that blank cheque guarantees for banks in the region is illegal.
Any blank cheques coming from the government should be written out for people in the UK who have had their homes flooded during this dreadful winter, their possessions lost and in many case their livelihoods gone.
Mr Cameron said: "There has never been a blank cheque for HS2, but I'm passionately in favour of this project and I think we need to respond to the criticisms that have been made."
The reality is that the influential Committee he chairs, the Select Committee on Energy and Climate Change (DECC), has been busy pumping out faithful pro-nuclear propaganda which favours, in effect, nuclear power being given a blank cheque for construction costs from the Government.
He swiped an envelope containing the blank cheque book that was next to the Bahraini accountant, according to court documents.
Which, as prizes go, makes the Blankety Blank cheque book and pen look like the Euro Millions roll-over.
A minister defended the controversial shake-up - which will slash weekly payments for a typical Liverpool home by pounds 11.44 - by insisting he would no longer sign a blank cheque.
"We do not want to give the European Commission a blank cheque," said Martin Hausling (Greens-EFA, Germany).