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It is "an endorsement consisting of nothing but a signature and allowing any party in possession of the endorsed item to execute a claim." [1] A blank endorsement is a commonly known and accepted term in the legal and business worlds. [2] [3] This is also called an endorsement in blank [2] or blank endorsement. [4]
Turn the check over and locate the endorsement box. You should see a section at the top of the check with a place for you to sign or stamp the check. Look for the words, “Endorse Here.”
political endorsement, publicly declaring support for a candidate; form added to an insurance policy, to modify its terms; signature on a negotiable instrument, such as a check; blank endorsement, a signature given without indicating the instrument's payee; note added to a driver's license, often to record a traffic offense
An endorsement which purports to transfer the instrument to a specified person is a special endorsement – for example, "Pay to the order of Amy"; An endorsement by the payee or holder which does not contain any additional notation (thus purporting to make the instrument payable to bearer) is an endorsement in blank or blank endorsement;
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.
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“It’s the definition of what happens when you give somebody a blank check,” Belzer said. “It’s like how lottery winners go bankrupt. ‘Here’s a $20 million budget that we’re going ...
Blank cheque – cheque where amount has been left blank. Certified cheque – guaranteed by a bank. E-cheque – electronic fund transfer. Hundi – historic Indian cheque-like instrument. Labour cheque – political concept to distribute goods in exchange for work. Negotiable cow – urban legend where a cow was used as a cheque.