💡 Blank Checks Government - Clever.net

Blank Checks Government

In politics, people often accuse governments of doing things (specifically, many times, declaring wars) with a blank check, meaning that they have not properly planned out how to pay for something. To declare war with a blank check is costly for taxpayers.

Are Blank Checks Illegal?

California Penal Code 475 PC prohibits you from having in your possession an unfinished check with the intent to fill it in yourself and use it. ... The law states that it doesn't matter if the check you had in your possession was real or fake, completing it with fraudulent intentions is illegal.

Is Possessing a Blank Check Illegal in California? - Appel & Morse

What is a blank check in politics?

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 cheque - Wikipedia

What is a blank check used for?

If someone is given a blank check, they are given the authority to spend as much money as they need or want.

Blank check definition and meaning | Collins English Dictionary

What is blank check SPAC?

A special purpose acquisition company (SPAC), also known as a blank check company, is a publicly traded company created for the purpose of buying or merging with another company or companies.

How Special Purpose Acquisition Companies (SPACs) Work