blank check
- noun
- /blæŋk tʃɛk/
- Specialized
:
empresa de cheques en blanco
- When considering a blank check firm, it's crucial to understand how it plans to acquire private businesses.
They're often referred to as blank check companies for this reason.
- They're often referred to as blank check companies for this reason.
- That's a blank check company that is taking the Trump Media Group public.
- Consider blank check SPAC IPOs burst.
- Basically, it's a blank, blank check company.
Examples
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Consider blank check SPAC IPOs burst.
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That's a blank check company that is taking the Trump Media Group public.
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They're often referred to as blank check companies for this reason.
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Investors are cautious about the risks associated with a blank check company during an IPO.
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Many startups look to partner with a blank check company to facilitate their transition to public trading.
Synonyms
7
7.4
A company that exists only on paper and has no real business used to hide ownership or move money
A company that exists only on paper and has no real business often used to hide money
Surface Forms
Morphology
Although the literal words 'blank' (empty) and 'check' (bank order) can suggest a signed but unfilled cheque and therefore the general idiom of giving someone unrestricted authority, the supplied definition refers to a specialised financial instrument (a SPAC). That technical meaning is not transparently derivable from the constituents by a B1 learner who knows the words, so the MWE functions as an opaque, domain-specific term in this sense.
Etymology
Blank check used for a company refers to a firm that raises money before it has a clear plan to buy a business. The name comes from the image of investors giving money like a signed check left blank, so managers can later choose how to use it.