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A blank cheque or blank check in the literal sense is a cheque that has no monetary value 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'' (borrowed from French; ) 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 or checking account contains sufficient funds, and depending on the laws in the specific country). Under American law, a blank cheque is an example of an "" as defined in the Uniform Commercial Code'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.


In politics

* On July 5, 1914,
Germany Germany, officially the Federal Republic of Germany, is a country in Central Europe. It lies between the Baltic Sea and the North Sea to the north and the Alps to the south. Its sixteen States of Germany, constituent states have a total popu ...
gave
Austria Austria, formally the Republic of Austria, is a landlocked country in Central Europe, lying in the Eastern Alps. It is a federation of nine Federal states of Austria, states, of which the capital Vienna is the List of largest cities in Aust ...
a "blank cheque" in handling its punishment of
Serbia , image_flag = Flag of Serbia.svg , national_motto = , image_coat = Coat of arms of Serbia.svg , national_anthem = () , image_map = , map_caption = Location of Serbia (gree ...
regarding the assassination of the heir to the Austrian throne. It led to the start of the
First World War World War I or the First World War (28 July 1914 – 11 November 1918), also known as the Great War, was a World war, global conflict between two coalitions: the Allies of World War I, Allies (or Entente) and the Central Powers. Fighting to ...
. German Chancellor Theobald von Bethmann Hollweg told the Austrian ambassador in Berlin that the Austrian Emperor had the support of the German Kaiser: *In March 2003, Gordon Brown, the British Chancellor of the Exchequer, "effectively offered a blank cheque for war against Iraq", and would thus spend what it takes' to tackle Iraq's weapons of mass destruction".


In literature

Sir Arthur Conan Doyle used the term ''carte blanche'' in several of his Sherlock Holmes 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":
"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."
Dame Agatha Christie uses the term ''carte blanche'' in her first published book where she introduced Hercule Poirot to the reading public. * " The Mysterious Affair at Styles" Chapter XII The Last Link:
"Madame, I have your permission to hold a little reunion in the salon? It is necessary for everyone to attend." Mary smiled sadly. "You know, Monsieur Poirot, that you have carte blanche in every way." "You are too amiable, madame."


See also

* Blank endorsement * List of political metaphors * Cheque#United States * ''Blank Check'' (1994 movie) * Tabula rasa * * ''Blank Check with Griffin and David'' (American film podcast)


References

{{DEFAULTSORT:Blank cheque Financial regulation Cheques Political metaphors July Crisis