A blind trust is a financial arrangement in which someone's investments are managed without the person knowing where the money is invested. Blind trusts are used especially by people such as members of parliament, so that they cannot be accused of using their position to make money unfairly.
[business]
His shares were placed in a blind trust when he became a government minister.
blind trust in British English
noun
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 in American English
an arrangement whereby a person, such as a public official, in an effort to avoid conflicts of interest, places certain personal assets under the control of an independent trustee with the provision that the person is to have no knowledge of how those assets are managed
blind trust in Finance
(blaɪnd trʌst)
Word forms: (regular plural) blind trusts
noun
(Finance: Investment)
A blind trust is a financial arrangement in which someone's investments are managed without theperson knowing where the money is invested.
When a person places securities in a blind trust, by definition he or she does not make the decisions to purchase or sell securitiesin that account.
A politician may be required to place his assets in a blind trust so that his votes are not influenced by his trust's portfolio holdings.
A blind trust is a financial arrangement in which someone's investments are managed without theperson knowing where the money is invested.
Examples of 'blind trust' in a sentence
blind trust
This would allow wealthy ministers who receive income from blind trust funds to escape having their financial affairs scrutinised.