The phrase
"blank check" means giving someone complete freedom and authority to do whatever they want without any limits or restrictions.
Full definition
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.
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.
In other words, companies with no profits or specific prospects have raised $ 14 billion
in blank check funding.
You probably
get blank checks in the mail once in a while from your card issuer.
They're much
like blank checks you write to creditors or yourself to put cash in your checking account.
The 1994 family
comedy Blank Check teaches us a valuable lesson about money and the tendency to underestimate what a modern lifestyle really costs.
One thing I do agree on is that executive orders are
basically blank checks and need to have set strict limits as to when and how they are used.
GAZ even operates an in - house classic - car operation that has well - heeled collectors writing
blank checks for restored or hand - fabricated recreations of Volga models from bygone eras, and although unlikely, visitors get the sense nothing would make long - time workers more proud than a revival of the brand.
Flores told Newsday last month he supported Trump «because he is not going to
give blank checks to these Central American governments where there is so much corruption going on.»
«I'm fine with that headline, that Google Ventures doesn't
write blank checks to YC companies... that Google Ventures negotiates and invests wisely,» said Google Ventures partner Bill Maris in a phone call.
• Cision, a cloud - based media software provider, announced that it plans to raise $ 325 million and become a public company via a merger
with blank check company, Capitol Acquisition Corp..
• MTech Acquisition, an Orlando -
based blank check company formed to acquire a cannabis - related firm, filed for a $ 50 million IPO of 5 million units.
III is a newly
organized blank check company founded by Daniel J. Hennessy and formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
The group Reclaim New York said the state can not afford the governor's «free college
tuition blank check.»
«The leaders wrote billions in
blank checks while doing nothing» to protect public funds, warned Reinvent Albany.
If there's one sound that conjures Americana, then it's brass, which Desplat uses in a way that's all about mournfulness, as opposed to the kind of
blank check patriotism the young woman is rebelling against.
This is how I set up my classroom environment: First ~ I begin with contacting local banks to donate a class set of
blank check registers and checkbook covers.
Heck, I wouldn't either if I had a bunch of Fortune 50's writing me open -
ended blank checks to keep my armies of associates churning away.
Not included in the March numbers are two of the biggest ICO's - those for popular messaging app Telegram and a
seemingly blank check token called EOS by block.one have raised a combined $ 3.2 B so far.
And the beauiful thing is that im sure publishers are
giving blank checks to development teams to make games for the ps4 because it will sell.
Likewise, in the series Trust, Fontaine obtained signed
blank checks from each of the galleries representing «her» work internationally.
He rejected Madrid even when presented
with blank check to sign any players of his choice.
• Hennessy Capital Acquisition III, a Wilson, Wyo. - based
blank check company seeking to combine industrial manufacturing, distribution or services companies, filed for an IPO Tuesday seeking to raise $ 225 million.
These provisions include «poison pills,»
blank check preferreds, super voting common stocks, staggered elections for Boards of Directors, super majority voting provisions, preventing stockholders from convening special meetings, and having the company itself finance all of management's expenditures where there is a contest for control.
III (HCAC III) is a newly
organized blank check company founded by Daniel J. Hennessy and formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
It also criticized the issuing
of blank checks to buy supplies and said there was insufficient accounting of money received in donations and adoption fees.
• Leo Holdings, a London - based
blank check company, raised $ 200 million in an IPO of 20 million shares priced at $ 10 a piece.
But he took
a blank check and wrote out $ 10 million dollars to himself for acting services rendered and dated it for Thanksgiving 1995.
Social Capital CEO Chamath Palihapitiya raised $ 600 million in an IPO yesterday for
his blank check company, Social Capital Hedosophia Holdings.
III,
a blank check company.
He is also the CEO of a new «
blank check» public company called Social Capital Hedosophia Holdings, which will invest in private technology firms.