blind trust
11blind trust — A trust in which a fiduciary third party has total discretion to make investments on behalf of a beneficiary while the beneficiary is uninformed about the holdings of the trust. Bloomberg Financial Dictionary * * * blind trust blind trust ➔ trust …
12blind trust — UK / US noun [countable] Word forms blind trust : singular blind trust plural blind trusts an arrangement in which a legal representative controls the money of someone such as a government official, who is not given specific information about how …
13blind trust — Financial management agreement wherein the trustee has complete control over investment of funds. Politicians in the United States frequently put their assets in a blind trust in order to avoid a conflict of interest when making government… …
14Blind Trust — A trust in which the executors have full discretion over the assets, and the trust beneficiaries have no knowledge of the holdings of the trust. Blind trusts are generally used when a trustor wishes to keep the beneficiary unaware of the specific …
15blind trust — / blaɪnd trʌst/ noun a trust set up to run a person’s affairs without the details of any transaction being known to the person concerned (NOTE: Blind trusts are set up by politicians to avoid potential conflicts of interest.) …
16blind trust — a trust in which a trustee controls the financial investments of a public official, without the beneficiary s knowledge of how his or her affairs are administered, in order to avoid conflict of interest. [1965 70] * * * …
17blind trust — noun chiefly N. Amer. a trust independently administering the private business interests of a person in public office to prevent conflict of interest …
18blind trust — A trust that administers the private financial affairs of a person in public office without informing him or her of the transactions entered into, so that there can be no conflict of interest. See also: arm s length …
19blind trust — A trust that administers the private financial affairs of a person in public office without informing him or her of the transactions entered into, so that there can be no conflict of interest. See also arm s length …
20blind trust — noun Date: 1969 an arrangement in which the financial holdings of a person in an influential position (as a government official) are placed in the control of a fiduciary in order to avoid a possible conflict of interest …
