The phrase "blank check" refers to a check with no specific amount written on it. The spelling of this phrase is fairly straightforward. "Blank" is spelled /blæŋk/ with the short "a" sound and the "nk" consonant blend. "Check" is spelled /tʃɛk/ with the "ch" consonant cluster pronounced like "tsh" and the short "e" sound. Combined, the phrase is pronounced /blæŋk tʃɛk/. It is important to note that this phrase may also be spelled as "blank cheque" in some English-speaking countries.
A "blank check" is a financial term referring to a situation or agreement where an individual or entity gives another party complete authority or freedom to spend or act on their behalf without any specific limitations, conditions, or restrictions. The term originated from literal blank checks, checks that are signed but have the recipient and amount left completely blank.
In a literal context, a blank check is a check that has been signed but does not have any specific amount written, allowing the recipient to enter any desired value when cashing or utilizing it. Similarly, in a metaphorical sense, a blank check implies unlimited discretion or authority granted to someone, essentially allowing them to determine the extent and nature of their actions.
This term is commonly employed in relationships involving power imbalances, such as when a person delegates full decision-making capabilities to someone else without requesting any accountability or control. For instance, if a company's board of directors grants its CEO a "blank check," it means the CEO has full authority to make any financial decisions without seeking prior approval. In such cases, the person or entity holding the blank check is accountable solely to themselves and holds complete responsibility for their actions, often representing a high level of trust or confidence in the individual or entity bestowed with such discretion.
The expression "blank check" originated in the banking industry and has its roots in literal language. In traditional banking, a customer writes a check to indicate an amount of money they wish to transfer from their account to another party. This check typically contains specific details such as the recipient's name, the amount to be transferred, and the date. However, a "blank check" is a check that is not filled out entirely or is missing some vital information.
Metaphorically, the term "blank check" started to be used in the late 19th and early 20th centuries to refer to a situation where someone is given complete, unrestricted authority or control over a particular matter. It suggests that the person or party receiving the "blank check" can fill in any desired amount or use their authority as they see fit without any restrictions or accountability.