blind trust


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blind trust

n.
A trust in which a person places his or her investments or assets under the control of an independent trustee and is not advised as to the trustee's decision making regarding the investments or assets, so as to prevent the expectation of personal profit or benefit from influencing the person's actions.

blind trust

n
(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

blind′ trust′


n.
a trust in which the financial investments of a public official are administered solely by a trustee, without the official's participation, so as to avoid conflict of interest.
[1965–70]
ThesaurusAntonymsRelated WordsSynonymsLegend:
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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References in classic literature ?
In young, childish, ignorant souls there is constantly this blind trust in some unshapen chance: it is as hard to a boy or girl to believe that a great wretchedness will actually befall them as to believe that they will die.
But now necessity was pressing hard upon her--now the time of her marriage was close at hand--she could no longer rest in this blind trust.
Crime may be forgiven; uncalculating sacrifice, blind trust, burning faith, other follies, may be turned to account; suffering, death itself, may with a grin or a frown be explained away; but passion is the unpardonable and secret infamy of our hearts, a thing to curse, to hide and to deny; a shameless and forlorn thing that tramples upon the smiling promises, that tears off the placid mask, that strips the body of life.
22 (ANI): The Government of Pakistan needs to remain vigilant about not reposing blind trust in 'friend and partner' China with regard to Beijing's reported attempts to negotiate with Baloch separatists and bring them back into the national mainstream.
In the past, our blind trust on American aid to solve all our crises did not help at all.
I have faith in my squad, I have blind trust in them — nothing else.
A legislator can establish a blind trust by transferring control of his or her financial interests to an independent third party authorized to buy and sell assets without the legislator's knowledge.
They said people had blind trust on Edhi and he (Edhi) would be remembered for long time in the hearts and mind of common people.
com/what-blind-trust-president-elect-donald-trump-plans-leave-company-his-three-adult-2446550) blind trust , only to hand it to his two elder sons.
He said people had blind trust in Edhi and his death has created a vacuum which would not be fulfilled and he (Edhi) would be remembered for long time in the hearts and mind of common people.
6 million to an inscrutable blind trust that real-estate yenta Yolanda Yakketyyak swears is controlled by--oddly enough--Hannah's music-legend boyfriend Neil Young.
We are changing the attitudes of customers from their blind trust to informed trust.