send out a check with the prospect of receiving

English translation: to issue a cheque without yet having covering funds in the bank account

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:send out a check with the prospect of receiving
Selected answer:to issue a cheque without yet having covering funds in the bank account
Entered by: B D Finch

12:57 Aug 29, 2012
English language (monolingual) [PRO]
Art/Literary - Poetry & Literature
English term or phrase: send out a check with the prospect of receiving
Hello everyone,

I know a man that started in business with thirteen cents and not a dollar's worth of credit. In ten years he has built up a large and profitable business. He attributes his success to two things—belief that he would succeed and hard work. There were times when it did not look like he could weather the storm. He was being pressed by his creditors who considered him bankrupt. They would have taken fifty cents on the dollar for his notes and considered themselves lucky. But by keeping up a bold front he got an extension of time when needed. When absolutely necessary for him to raise a certain sum at a certain time he always did it. When he had heavy bills to meet he would make up his mind that certain people that owed him would pay by a certain date and they always did. Sometimes he would not receive their check until the last mail of the day of the extension, and I have known him to ***send out a check with the prospect of receiving a check from*** one of his customers the following day. He would have no reason other than his belief in the power of affecting the mind of another by concentration of thought for expecting that check, but rarely has he been disappointed

Does the phrase mean that he sent a correctly filled out check (with which one can receive money in a bank) hoping to receive a check (money) from his debtor or does it mean that he sent a note saying something like "Sorry, I will pay you tomorrow when I receive money"?

Thank you.
Mikhail Korolev
Local time: 15:40
to issue a cheque without yet having covering funds in the bank account
Explanation:
He was counting upon a cheque arriving soon enough from a client to enable the cheque he issued to be covered. This is strictly illegal in France and England and probably in most other countries.
Selected response from:

B D Finch
France
Local time: 13:40
Grading comment
Many thanks to everyone.
Thank you, B D Finch.
4 KudoZ points were awarded for this answer



SUMMARY OF ALL EXPLANATIONS PROVIDED
4 +6to issue a cheque without yet having covering funds in the bank account
B D Finch
5 +4he sent a correctly filled out check
Amaya Blanco


  

Answers


6 mins   confidence: Answerer confidence 5/5 peer agreement (net): +4
he sent a correctly filled out check


Explanation:
I understand he sent a correctly filled out check because he had faith in the fact that next day he will have the money because he was waiting for another check to come in.

Amaya Blanco
Spain
Local time: 12:40
Works in field
Native speaker of: Native in SpanishSpanish

Peer comments on this answer (and responses from the answerer)
agree  Yvonne Gallagher: yes, he believed he'd receive a cheque following day so took a chance and sent one
14 mins

agree  Jack Doughty
14 mins

agree  Ashutosh Mitra
54 mins

neutral  amarpaul: Issuing a check without adequate funds to cover it is frowned upon; it may well be illegal in some jurisdictions (as mentioned in other comments below). Certainly illegal, had his faith been misplaced and the check bounced!
4 hrs

agree  airmailrpl: he sent a correctly filled out check because he had faith in the fact that next day he would have the money
11 hrs

neutral  BdiL: I won't go as far as disagreeing you because the asker misled you, but "sending a check (period)" and "sending a correctly filled out check" are not equivalent phrasings. IMHO. Maurizio
23 hrs
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22 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +6
to issue a cheque without yet having covering funds in the bank account


Explanation:
He was counting upon a cheque arriving soon enough from a client to enable the cheque he issued to be covered. This is strictly illegal in France and England and probably in most other countries.

B D Finch
France
Local time: 13:40
Works in field
Native speaker of: English
PRO pts in category: 84
Grading comment
Many thanks to everyone.
Thank you, B D Finch.

Peer comments on this answer (and responses from the answerer)
agree  Veronika McLaren: There is no mention of how the ck was filled out, but this sort of thing is called "kiting" in banking terms in Canada
34 mins
  -> Thanks Veronika. Indeed, practically nothing to do with whether the cheque was correctly filled out.

agree  Martin Riordan
1 hr
  -> Thanks Martin

agree  Charles Davis
1 hr
  -> Thanks Charles

agree  Glenda Janssen: Yup, he sent a check that could have bounced, unless one of his clients paid him by the time the check arrived to his creditor. He acted on faith.
4 hrs
  -> Thanks Glenda

agree  amarpaul: Indeed, he was sailing too close to the wind.
4 hrs
  -> Thanks armapaul

agree  BdiL: Called in Italian "emissione di assegni A VUOTO", an illegal action in Italy as well. That means "insufficient funds". Maurizio
22 hrs
  -> Thanks
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