Definition of «blank check»

A blank check is a term used to describe an authorization or permission given to someone to do something without any restrictions, limitations, or conditions. It means that the person has complete freedom and discretion to act as they see fit within certain boundaries. The phrase can also refer to a written order for payment of money, where the amount is left blank and the payee fills it in later. In this sense, it represents an unlimited authorization to make a payment without any restrictions or limitations on the amount.

Sentences with «blank check»

  • It is known as a «blank check company,» because investors buy into the fund without knowing which company they will end up owning a part of. (inc.com)
  • As you may know, many credit card lenders freely offer these to their customers with good credit, in the form of blank checks the borrower is invited to use as they wish. (mortgageloan.com)
  • In other words, companies with no profits or specific prospects have raised $ 14 billion in blank check funding. (etfexpert.com)
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