| 释义 |
blind trust
blind trustn. 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] Thesaurus| Noun | 1. | 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 assetstrust - 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" |
Blind trust
Blind trustA trust in which a fiduciary third party has total discretion to make investments on behalf of a beneficiary while the beneficiary is uninformed about the holdings of the trust.Blind TrustA trust where the beneficiary is not given knowledge of the assets in it. The trustee has knowledge of the assets and is responsible for investing them on behalf of the beneficiary. A grantor usually sets ups a blind trust to avoid potential conflicts of interest.Blind trust.A blind trust is created when a third party, such as an investment adviser or other trustee, assumes complete control of the assets held in a trust. Elected officials often set up blind trusts to reassure the public that political decisions are not being made for personal financial benefit. blind trust
Words related to blind trustnoun a trust that enables a person to avoid possible conflict of interest by transferring assets to a fiduciaryRelated Words |