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 ?
Global Banking News-June 26, 2014--UAE Central Bank comes out against blank cheque guarantees
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.
The problem is with blank cheques which people give to banks.
Meanwhile, William Hague is waving a blank cheque around to give to the Ukrainian people.
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 treasurer of a centre for black people in a deprived area of Birmingham regularly walked around with presigned blank cheques in his pocket, the Sunday Mercury can reveal today.
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.
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.
With the increasing cost of living and the desperate need for cash to cope with the expenses of modern city life, scores of people are finding themselves embroiled in criminal cases after being made to sign blank cheques, or 'security cheques', by banks in the process of applying for a mortgage loan for car purchase, a credit card loan or any investment debt.