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 ?
Global Banking News-June 26, 2014--UAE Central Bank comes out against blank cheque guarantees
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.
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.
Stanger, 44, bought him a new car and used blank cheques signed over by the vicar at her Gateshead church to pay for her and her husband's lifestyle.
A CHARITY'S treasurer told yesterday how he regularly signed blank cheques for a couple accused of siphoning off up to pounds 650,000 from a tiny Citizens Advice Bureau (CAB) office.
The defendant stole four blank cheques and a cheque book from his two Jordanian partners last October, after they came to Bahrain to set up a marble business, which later failed.
A PRACTICE manager syphoned off more than pounds 2,500 from her Birmingham surgery after persuading a doctor to sign blank cheques.
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.
The 53-year-old stole 10 blank cheques between December 2004 and February 2005, using them to steal pounds 9,000.
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.
Liverpool Crown Court heard that in Feb-ruary heblackmailedMrs Matchett,his adoptive mother,into signing three blank cheques which he filled in for a total of pounds 300.