blind trust

blind trust
noun
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
• Hypernyms: ↑trust

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noun
: an arrangement by which a person in a sensitive position protects himself from possible conflict of interest charges by placing his financial affairs in the hands of a fiduciary and giving up all right to know about or intervene in their handling

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a trust in which a trustee controls the financial investments of a public official, without the beneficiary's knowledge of how his or her affairs are administered, in order to avoid conflict of interest.
[1965-70]

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blind trust noun (chiefly N American)
A trust which manages a political public figure's private capital, so as to prevent conflict of interest
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Main Entry: ↑blind

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blind trust UK US noun [countable] [singular blind trust plural blind trusts]
an arrangement in which a legal representative controls the money of someone such as a government official, who is not given specific information about how their money is being managed
Thesaurus: miscellaneous legal termshyponym

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blind trust,
1. a trust fund into which a person places his financial holdings to be managed by others while he is engaged in a position such as a government appointment in which his business interests might conflict with his duties.
2. a trust established to conceal the identity of the person or persons whose property is held in trust.

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n. a financial arrangement in which a person in public office gives the administration of private business interests to an independent trust in order to prevent conflict of interest. Under the trust, the owner does not know how the assets are managed

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ˌblind ˈtrust 7 [blind trust] noun
a type of ↑trust that takes care of sb's investments, without the person knowing how their money is being invested. It is used by politicians, for example, so that their private business does not influence their political decisions.

Useful english dictionary. 2012.

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  • Blind Trust — (deutsch: etwa Blindes Treuhandvermögen) ist die Bezeichnung für einen Trust, in dem der Testamentsvollstrecker volle Entscheidungsfreiheit über das Vermögen des Empfängers hat und auch keine Kenntnis über die Bestände desselben besitzt.[1] Blind …   Deutsch Wikipedia

  • blind trust — blind trusts N COUNT 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… …   English dictionary

  • blind trust — A trust in which a trustee manages investments for someone who has no knowledge of the trust s specific assets or the actions taken by the trustee to manage them. Blind trusts are often used by high ranking elected or appointed officials to avoid …   Law dictionary

  • blind trust — loc.s.m.inv. ES ingl. {{wmetafile0}} accordo con il quale una persona in una posizione delicata si tutela da possibili accuse di conflitto di interesse mettendo i suoi affari finanziari nelle mani di un fiduciario e rinunciando a tutti i diritti… …   Dizionario italiano

  • blind trust — /blainˈtrast, ingl. ˈblaɪn(d)trʌst/ [lett. «amministrazione fiduciaria (trust) cieca (blind)»] loc. sost. m. inv. (econ.) fondo cieco …   Sinonimi e Contrari. Terza edizione

  • blind trust — blind′ trust′ n. bus 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 • Etymology: 1965–70 …   From formal English to slang

  • blind trust — noun count LEGAL an arrangement in which a legal representative controls the money of someone such as a government official, who is not given specific information about how their money is being managed …   Usage of the words and phrases in modern English

  • blind trust — n. 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… …   English World dictionary

  • Blind trust — A blind trust is a trust in which the fiduciaries, namely the executors or those who have been given power of attorney, have full discretion over the assets, and the trust beneficiaries have no knowledge of the holdings of the trust and no right… …   Wikipedia

  • blind trust — A 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. Bloomberg Financial Dictionary * * * blind trust blind trust ➔ trust …   Financial and business terms

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