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blind trust

   Also found in: Financial, Wikipedia 0.03 sec.
blind trust
n.
A financial arrangement in which a person, such as a high-ranking elected official, avoids possible conflict of interest by relegating his or her financial affairs to a fiduciary who has sole discretion as to their management. The person choosing the trust also gives up the right to information regarding the status of the assets.
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.blind trust - a trust that enables a person to avoid possible conflict of interest by transferring assets to a fiduciary; the person establishing the trust gives up the right to information about the assets
trust - something (as property) held by one party (the trustee) for the benefit of another (the beneficiary); "he is the beneficiary of a generous trust set up by his father"

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We are glad it has responded to our concerns, but we are not so foolish as to start relying on blind trust in Waste Management.
Blind faith and blind trust toward health care are luxuries we can no longer afford," writes Colleen Badell Ph.
Therefore, both the blind trust and the underlying investments held in a blind trust are considered to be direct financial interests of the covered member.
 
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