Blank cheque: Difference between revisions
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{{about|the metaphor}} |
{{about|the metaphor}} |
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{{redirect|Carte blanche||Carte Blanche (disambiguation)}} |
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A '''blank cheque''' ( |
A '''blank cheque''' (American English: '''blank check''') or '''''carte blanche''''', in the literal sense is a [[cheque]] that has no monetary [[Value (mathematics)|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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== Literal meaning == |
== Literal meaning == |
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==Metaphorical meaning== |
==Metaphorical meaning== |
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===In politics |
===In politics=== |
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* On July 5, 1914, Germany gave Austria a "blank cheque" in handling its punishment of Serbia regarding the assassination of the heir to the Austrian throne. It led to the start of the First World War.<ref>{{cite book|author1=Claudia Durst Johnson|author2=James H. Meredith|title=Understanding the Literature of World War I: A Student Casebook to Issues, Sources, and Historical Documents|url=https://books.google.com/books?id=XysmARKSjNMC&pg=PA13|year=2004|publisher=Greenwood |page=13}}</ref> German Chancellor [[Theobald von Bethmann-Hollweg]] told [[László Szőgyény-Marich Jr.|the Austrian ambassador in Berlin]] that the Austrian Emperor had the support of the German Kaiser: |
* On July 5, 1914, Germany gave Austria a "blank cheque" in handling its punishment of Serbia regarding the assassination of the heir to the Austrian throne. It led to the start of the First World War.<ref>{{cite book|author1=Claudia Durst Johnson|author2=James H. Meredith|title=Understanding the Literature of World War I: A Student Casebook to Issues, Sources, and Historical Documents|url=https://books.google.com/books?id=XysmARKSjNMC&pg=PA13|year=2004|publisher=Greenwood |page=13}}</ref> German Chancellor [[Theobald von Bethmann-Hollweg]] told [[László Szőgyény-Marich Jr.|the Austrian ambassador in Berlin]] that the Austrian Emperor had the support of the German Kaiser: |
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::Finally, as far as concerns Serbia, His Majesty, of course, cannot interfere in the dispute now going on between Austria- Hungary and that country, as it is a matter not within his competence. The Emperor Francis Joseph may, however, rest assured that His Majesty will faithfully stand by Austria-Hungary, as is required by the obligations of his alliance and of his ancient friendship.<ref>{{cite book|author1=Claudia Durst Johnson|author2=James H. Meredith|title=Understanding the Literature of World War I: A Student Casebook to Issues, Sources, and Historical Documents|url=https://books.google.com/books?id=XysmARKSjNMC&pg=PA13|year=2004|publisher=Greenwood |pages=13–14}}</ref> |
::Finally, as far as concerns Serbia, His Majesty, of course, cannot interfere in the dispute now going on between Austria- Hungary and that country, as it is a matter not within his competence. The Emperor Francis Joseph may, however, rest assured that His Majesty will faithfully stand by Austria-Hungary, as is required by the obligations of his alliance and of his ancient friendship.<ref>{{cite book|author1=Claudia Durst Johnson|author2=James H. Meredith|title=Understanding the Literature of World War I: A Student Casebook to Issues, Sources, and Historical Documents|url=https://books.google.com/books?id=XysmARKSjNMC&pg=PA13|year=2004|publisher=Greenwood |pages=13–14}}</ref> |
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===In literature=== |
===In literature=== |
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[[Sir Arthur Conan Doyle]] used the term |
[[Sir Arthur Conan Doyle]] used the term '''carte blanche''' in several of his [[Sherlock Holmes]] stories. |
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* ''[[A Scandal in Bohemia]]'': |
* ''[[A Scandal in Bohemia]]'': |
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{{quote|text= |
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"You have carte blanche." |
"You have carte blanche." |
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"Absolutely?" |
"Absolutely?" |
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</poem></blockquote> |
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* ''[[The Adventure of the Beryl Coronet]]'': |
* ''[[The Adventure of the Beryl Coronet]]'': |
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<blockquote><poem>"I understand that you give me carte blanche to act for you, provided only that I get back the gems, and that you place no limit on the sum I may draw." |
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</poem></blockquote> |
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== See also == |
== See also == |
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* [[Blank endorsement]] |
* [[Blank endorsement]] |
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* [[List of political metaphors]] |
* [[List of political metaphors]] |
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* [[Cheque#United States |
* [[Cheque#United States]] |
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* [[Tabula rasa]] |
* [[Tabula rasa]] |
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==References== |
==References== |
Revision as of 10:30, 5 January 2020
A blank cheque (American English: blank check) or carte blanche, 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.
Literal meaning
Cheque writers are advised to specify the amount of the cheque before signing it. A blank cheque can be extremely expensive for the drawer who writes the cheque, because whoever obtains the cheque could write in any amount of money, and might be able to cash it (if the current account (US: checking account) contains sufficient funds, and depending on the laws in the specific country). Under American law, a blank cheque is an example of an "incomplete instrument" as defined in the Uniform Commercial Code's Article 3, Section 115 (a).[1] Writing an amount in a blank cheque, without the authority of the signer, is an "alteration".[2] It is legally equivalent to changing the numbers on a completed (non-blank) cheque.
In finance, a "blank cheque company" refers to a company in development that has no specific business plan, such as a special purpose acquisition company.[3]
Metaphorical meaning
In politics
- On July 5, 1914, Germany gave Austria a "blank cheque" in handling its punishment of Serbia regarding the assassination of the heir to the Austrian throne. It led to the start of the First World War.[4] German Chancellor Theobald von Bethmann-Hollweg told the Austrian ambassador in Berlin that the Austrian Emperor had the support of the German Kaiser:
- Finally, as far as concerns Serbia, His Majesty, of course, cannot interfere in the dispute now going on between Austria- Hungary and that country, as it is a matter not within his competence. The Emperor Francis Joseph may, however, rest assured that His Majesty will faithfully stand by Austria-Hungary, as is required by the obligations of his alliance and of his ancient friendship.[5]
- In March 2003, Gordon Brown, the British Chancellor of the Exchequer, "effectively offered a blank cheque for war against Iraq", and would thus '"spend what it takes" to tackle Iraq's weapons of mass destruction.'[6]
In literature
Sir Arthur Conan Doyle used the term carte blanche in several of his Sherlock Holmes stories.
"Then, as to money?"
"You have carte blanche."
"Absolutely?"
"I tell you that I would give one of the provinces of my kingdom to have that photograph."
"I understand that you give me carte blanche to act for you, provided only that I get back the gems, and that you place no limit on the sum I may draw."
"I would give my fortune to have them back."
See also
- Blank endorsement
- List of political metaphors
- Cheque#United States
- Tabula rasa
- The dictionary definition of carte blanche at Wiktionary
References
- ^ "§ 3-115. INCOMPLETE INSTRUMENT". Legal Information Institute. Cornell University Law School. 20 November 2012. Retrieved 26 November 2016.
- ^ "§ 3-407. ALTERATION". Legal Information Institute. Cornell University Law School. 20 November 2012. Retrieved 26 November 2016.
- ^ "Blank Check Company". www.sec.gov. U.S. Securities and Exchange Commission. 28 October 2014. Retrieved 26 November 2016.
- ^ Claudia Durst Johnson; James H. Meredith (2004). Understanding the Literature of World War I: A Student Casebook to Issues, Sources, and Historical Documents. Greenwood. p. 13.
- ^ Claudia Durst Johnson; James H. Meredith (2004). Understanding the Literature of World War I: A Student Casebook to Issues, Sources, and Historical Documents. Greenwood. pp. 13–14.
- ^ "Brown offers war 'blank cheque'". news.bbc.co.uk. BBC News. 4 March 2003. Retrieved 26 November 2016.