blind trust


Also found in: Thesaurus, Financial, Wikipedia.

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"
Mentioned in ?
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. She must run away; she must hide herself where no familiar eyes could detect her; and then the terror of wandering out into the world, of which she knew nothing, made the possibility of going to Arthur a thought which brought some comfort with it.
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.
You will relate to the characters and find little bits of yourself in the siblings: Allison's selfishness, for example, Luther's blind trust in his father, Diego's rebellious side or Klaus's peculiarities.
Hogan's real estate investments, via The Hogan Cos., were placed in a trust, but not a blind trust.
Contrast the deeply flawed and arguably unjustifiable attitude of the ECP towards the elected institution of the local governments with the almost blind trust reposed by it in the security forces that have been tasked with helping ensure the integrity of the polling process.
Summary: TEHRAN (FNA)- Russian Ambassador in London Alexander Yakovenko said on Tuesday that British MPs have blind trust in what the UK secret services say regarding the alleged poisoning of the former Russian intelligence officer and British spy Sergei Skripal and his daughter Yulia and they distrust Russia's stance.
Summary: Islamabad [Pakistan], Feb.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.
As newly elected governor, Rauner vowed to put his investments in a blind trust. Those actions would prevent conflicts of interest and meant the governor and his wife had "given away decision-making and responsibilities related to their assets and investments" to an investment adviser with power of attorney, a spokesman said in a Jan.
"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.