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Blank check

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Blank check
A check that is signed by the payer but with no specific amount indicated, leaving this determination up to the drawer.
    
More generally, a term used for any situation in which a usually High level of Trust is afforded by one party to another. Blank   cheek is a cheek that has no numerical value written in, but is already signed. It is used (especially in politics) to describe a situation in which an agreement had been made that is Open-ended or vague, and therefore subject to abuse, or in which a party is willing to consider any Expense in the pursuance of their goals.
    
Cheque (check) users are normally advised to specify the amount of the cheque` (check) before signing it. If created accidentally, blank cheque (check)   can be extremely dangerous for their owner, because whoever obtains the cheque (check)  could write in any amount of money, and would legally be able to Cash it (to the extent that the chousing account contains such funds, also depending on the laws in the specific country).
    
One might give a blank cheque (check) to a trusted Agent for the payment of a Debt where the Writer of the cheque (check) does not know the amount required, and it is not convenient or possible for the Writer to enter the amount when it becomes known.
Posted by  PrĂ©vis AG
 
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