A blank cheque in the literal sense is a

cheque A cheque, or check (American English; see spelling differences) is a document that orders a bank (or credit union) to pay a specific amount of money from a person's account to the person in whose name the cheque has been issued. The pers ...

that has no monetary

value Value or values may refer to: Ethics and social * Value (ethics) wherein said concept may be construed as treating actions themselves as abstract objects, associating value to them ** Values (Western philosophy) expands the notion of value beyo ...

written in, but is already signed. In the figurative sense, it is used to describe a situation in which an agreement has 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. The term ''carte blanche'' () is used in a similar way.

Literal meaning

Cheque writers are advised to specify the amount of the cheque before signing it. A blank cheque can be extremely expensive for the drawer who writes the cheque, because whoever obtains the cheque could write in any amount of money, and might be able to cash it (if the

current account Current account or Current Account may refer to: * Current account (balance of payments), a country's balance of trade, net of factor income and cash transfers * Current account (banking) A transaction account, also called a checking account, ch ...

(US: checking account) contains sufficient funds, and depending on the laws in the specific country). Under

American law The law of the United States comprises many levels of codified and uncodified forms of law, of which the most important is the nation's Constitution, which prescribes the foundation of the federal government of the United States, as well as va ...

, a blank cheque is an example of an "" as defined in the

Uniform Commercial Code The Uniform Commercial Code (UCC), first published in 1952, is one of a number of Uniform Acts that have been established as law with the goal of harmonizing the laws of sales and other commercial transactions across the United States through UC ...

's Article 3, Section 115 (a). Writing an amount in a blank cheque, without the authority of the signer, is an "alteration". It is legally equivalent to changing the numbers on a completed (non-blank) cheque.

Metaphorical meaning

In finance

A "blank cheque company" refers to a company in development that has no specific business plan, such as a

special-purpose acquisition company A special purpose acquisition company (SPAC; ), also known as a "blank check company", is a shell corporation listed on a stock exchange with the purpose of acquiring a private company, thus making it public without going through the traditional i ...

In politics

* On July 5, 1914,

Germany Germany,, officially the Federal Republic of Germany, is a country in Central Europe. It is the second most populous country in Europe after Russia, and the most populous member state of the European Union. Germany is situated betwe ...

gave

Austria Austria, , bar, Östareich officially the Republic of Austria, is a country in the southern part of Central Europe, lying in the Eastern Alps. It is a federation of nine states, one of which is the capital, Vienna, the most populous ...

a "blank cheque" in handling its punishment of

Serbia Serbia (, ; Serbian language, Serbian: , , ), officially the Republic of Serbia (Serbian language, Serbian: , , ), is a landlocked country in Southeast Europe, Southeastern and Central Europe, situated at the crossroads of the Pannonian Bas ...

regarding the assassination of the heir to the Austrian throne. It led to the start of the

First World War World War I (28 July 1914 11 November 1918), often abbreviated as WWI, was one of the deadliest global conflicts in history. Belligerents included much of Europe, the Russian Empire, the United States, and the Ottoman Empire, with fightin ...

. German Chancellor

Theobald von Bethmann-Hollweg Theobald Theodor Friedrich Alfred von Bethmann Hollweg (29 November 1856 – 1 January 1921) was a German politician who was the chancellor of the German Empire from 1909 to 1917. He oversaw the German entry into World War I. According to biog ...

told the Austrian ambassador in Berlin that the Austrian Emperor had the support of the German Kaiser: ::Finally, as far as concerns Serbia, His Majesty, of course, cannot interfere in the dispute now going on between Austria- Hungary and that country, as it is a matter not within his competence. The Emperor Francis Joseph may, however, rest assured that His Majesty will faithfully stand by Austria-Hungary, as is required by the obligations of his alliance and of his ancient friendship. *In March 2003,

Gordon Brown James Gordon Brown (born 20 February 1951) is a British former politician who served as Prime Minister of the United Kingdom and Leader of the Labour Party (UK), Leader of the Labour Party from 2007 to 2010. He previously served as Chance ...

, the British

Chancellor of the Exchequer The chancellor of the Exchequer, often abbreviated to chancellor, is a senior minister of the Crown within the Government of the United Kingdom, and head of His Majesty's Treasury. As one of the four Great Offices of State, the Chancellor is ...

, "effectively offered a blank cheque for

war against Iraq The 2003 invasion of Iraq was a United States-led invasion of the Republic of Iraq and the first stage of the Iraq War. The invasion phase began on 19 March 2003 (air) and 20 March 2003 (ground) and lasted just over one month, including 26 ...

", and would thus '"spend what it takes" to tackle Iraq's weapons of mass destruction.'

In literature

Sir Arthur Conan Doyle Sir Arthur Ignatius Conan Doyle (22 May 1859 – 7 July 1930) was a British writer and physician. He created the character Sherlock Holmes in 1887 for '' A Study in Scarlet'', the first of four novels and fifty-six short stories about Ho ...

used the term ''carte blanche'' in several of his

Sherlock Holmes Sherlock Holmes () is a fictional detective created by British author Arthur Conan Doyle. Referring to himself as a " consulting detective" in the stories, Holmes is known for his proficiency with observation, deduction, forensic science and ...

stories. * " A Scandal in Bohemia":

"Then, as to money?" "You have carte blanche." "Absolutely?" "I tell you that I would give one of the provinces of my kingdom to have that photograph."

* "

The Adventure of the Beryl Coronet "The Adventure of the Beryl Coronet", one of the 56 short Sherlock Holmes stories written by Sir Arthur Conan Doyle, is the eleventh of the twelve stories collected in ''The Adventures of Sherlock Holmes''. The story was first published in ''T ...

"I understand that you give me carte blanche to act for you, provided only that I get back the gems, and that you place no limit on the sum I may draw." "I would give my fortune to have them back."

References