blind trust
noun
: an arrangement in which the financial holdings of a person in an influential position are placed in the control of a fiduciary in order to avoid a possible conflict of interest
Example Sentences
Recent Examples on the Web The Bass campaign held a news conference that morning where the former chief ethics lawyers to Presidents Obama and George W. Bush castigated Caruso’s plan to put his business in a blind trust if elected. 
Benjamin Oreskes, Los Angeles Times, 3 Sep. 2022 Asked how Caruso would avoid conflicts of interest as mayor, Ragone referred The Times to earlier comments made by the candidate about placing his company in a blind trust. Julia Wick, Los Angeles Times, 16 Aug. 2022 Most lawmakers put their assets in a blind trust, one former Hill staffer said. Danny Nelson, Fortune, 1 June 2022 Davis said he's heard little from constituents about the stock trading and worries that requiring lawmakers to put assets in a blind trust would prove inordinately expensive for many lawmakers. Kevin Freking, ajc, 30 Apr. 2022 The Democrat has co-sponsored a bill that would require Congress members to put stocks and bonds in a blind trust, preventing direct involvement in decision-making. Fortune, 26 Apr. 2022 Any transactions in such existing accounts should be done only under the auspices of a blind trust. Paul Andrews, Fortune, 14 Apr. 2022 Some of the proposals include the requirement that members of Congress hold their investments in a blind trust. Alicia Adamczyk, Fortune, 7 Apr. 2022 One clearly would be for wealthier members of Congress who already have individual stock portfolios to put them into a blind trust, in which decisions to buy or sell are removed from the representative’s or senator’s hands. Michael Taylor, San Antonio Express-News, 19 Jan. 2022 See More
Benjamin Oreskes, Los Angeles Times, 3 Sep. 2022 Asked how Caruso would avoid conflicts of interest as mayor, Ragone referred The Times to earlier comments made by the candidate about placing his company in a blind trust. Julia Wick, Los Angeles Times, 16 Aug. 2022 Most lawmakers put their assets in a blind trust, one former Hill staffer said. Danny Nelson, Fortune, 1 June 2022 Davis said he's heard little from constituents about the stock trading and worries that requiring lawmakers to put assets in a blind trust would prove inordinately expensive for many lawmakers. Kevin Freking, ajc, 30 Apr. 2022 The Democrat has co-sponsored a bill that would require Congress members to put stocks and bonds in a blind trust, preventing direct involvement in decision-making. Fortune, 26 Apr. 2022 Any transactions in such existing accounts should be done only under the auspices of a blind trust. Paul Andrews, Fortune, 14 Apr. 2022 Some of the proposals include the requirement that members of Congress hold their investments in a blind trust. Alicia Adamczyk, Fortune, 7 Apr. 2022 One clearly would be for wealthier members of Congress who already have individual stock portfolios to put them into a blind trust, in which decisions to buy or sell are removed from the representative’s or senator’s hands. Michael Taylor, San Antonio Express-News, 19 Jan. 2022 See More Word History
First Known Use
1969, in the meaning defined above