Carte Blanche

AAA

DEFINITION of 'Carte Blanche'

A French term meaning "blank document." Carte blanche is commonly used in English to refer to a check that has been signed but does not have a dollar amount written in. The recipient of such a check then writes in whatever dollar amount he or she wants/needs.

INVESTOPEDIA EXPLAINS 'Carte Blanche'

The term carte blanche is more commonly used figuratively than literally. It usually means someone in power has given someone else the unconditional authority to spend money in a given situation and/or make decisions about that situation. This term is commonly used in politics and business. Carte blanche arrangements are often a bad idea because of their high potential for abuse.

RELATED TERMS
  1. Check Conversion

    A reformatting service offered by banking merchants. Check conversion ...
  2. Blank Check Preferred Stock

    A method companies use to simplify the process of creating new ...
  3. Bounced Check

    A slang word for a check that cannot be processed because the ...
  4. Rubber Check

    Another name for a "bounced check." A rubber check is a slang ...
  5. Certified Check

    A type of check where the issuing bank guarantees the recipient ...
  6. Blank-Check Company

    A company in a developmental stage that either doesn't have an ...
Related Articles
  1. Should You Pay In Cash?
    Budgeting

    Should You Pay In Cash?

  2. The Ins And Outs Of Bank Fees
    Options & Futures

    The Ins And Outs Of Bank Fees

  3. Your First Checking Account
    Insurance

    Your First Checking Account

  4. An Investor's Guide To Bank Stress-Testing
    Investing Basics

    An Investor's Guide To Bank Stress-Testing

comments powered by Disqus
Hot Definitions
  1. Repurchase Agreement - Repo

    A form of short-term borrowing for dealers in government securities.
  2. Correlation

    In the world of finance, a statistical measure of how two securities move in relation to each other. Correlations are used ...
  3. Letter Of Credit

    A letter from a bank guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount. ...
  4. Due Diligence - DD

    1. An investigation or audit of a potential investment. Due diligence serves to confirm all material facts in regards to ...
  5. Certificate Of Deposit - CD

    A savings certificate entitling the bearer to receive interest. A CD bears a maturity date, a specified fixed interest rate ...
  6. Days Sales Of Inventory - DSI

    A financial measure of a company's performance that gives investors an idea of how long it takes a company to turn its inventory ...
Trading Center