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Blank cheque
A cheque signed by the drawer with no amount specified. This is inserted by the payee on pre-agreed terms. Liability remains with the drawer.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Banking
- Category: Investment banking
- Company: UBS
- Product:
- Acronym-Abbreviation:
Other Languages:
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