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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.
Blank endorsement of a financial instrument, such as a cheque, is only a signature, not indicating the payee.The effect of this is that it is payable only to the bearer – legally, it transforms an order instrument ("pay to the order of (the payee)") into a bearer instrument ("pay to the bearer").
Unsecured debts are sometimes called signature debt or personal loans. [2] These differ from secured debt such as a mortgage , which is backed by a piece of real estate. In the event of the bankruptcy of the borrower, the unsecured creditors have a general claim on the assets of the borrower after the specific pledged assets have been assigned ...
Personal loan and line of credit alternatives. While personal loans and personal lines of credit are useful financial tools, they won’t always be the right choice. Credit cards offer similar ...
1. Personal loans. Personal loans can be used for essentially every legitimate expense and are offered by banks, credit unions and online lenders. The best personal loan rates go to those with the ...
A share-secured loan is a personal loan that uses the balance in your savings account as collateral. This type of loan generally has lower interest rates than other personal loans because it is ...
A cheque (or check in American English; see spelling differences) is a document that orders a bank, building society (or credit union) to pay a specific amount of money from a person's account to the person in whose name the cheque has been
Your personal information: In the upper left-hand corner you’ll find your personal information, which will vary depending on the specifications you gave your bank, but often includes your name ...