It means “friend of the court”. The person is not a party to the case in any manner. His sole purpose is to assist the court by providing substantial information or insight for the smooth disposal of the case.
A warning; caution
The definition and use of cheques are covered by The Bills of Exchange Act 1882, and the Cheques Acts of 1957 and 1992.
The term refers to a lack of diligence and activity in making a legal claim, or moving forward with legal enforcement of a right, particularly regarding equity.