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blind trust

   Also found in: Financial, Wikipedia 0.01 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.

blind trust
n
(Economics, Accounting & Finance / Banking & Finance) a trust fund that manages the financial affairs of a person without informing him or her of any investments made, usually so that the beneficiary cannot be accused of using public office for private gain
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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Schwarzenegger placed his extensive holdings in real estate, stock and other investments in a blind trust after he was elected in 2003.
He poured scorn on big Labour donors who have been given peerages and jobs in government and questioned anonymous donations to blind trusts run by Mr Blair's lieutenants.
The move risks breaching Blair's own code-of-conduct which insists ministers are kept at arm's length from blind trusts which run their financial affairs.
 
 
 
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