blind trust
blind trust · blind trusts
A trust set up so that the beneficiaries have no knowledge of the holdings of the…A trust set up so that the beneficiaries have no knowledge of the holdings of the trust, and no right to intervene in their handling.
» Tom put all of his assets in a blind trust.
Hybrid · Tatoeba · CC BY 2.0 FRMeaning
1 sensesA trust set up so that the beneficiaries have no knowledge of the holdings of the trust, and no right to intervene in their handling.
More definitions
- 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
Examples
1 sentencesTom put all of his assets in a blind trust.
Forms
plural: blind trusts| Singular | blind trust |
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regular
See also
neighbours in the dictionaryDictionary text adapted from Wiktionary (Wiktionary contributors, CC BY-SA 4.0) and Open English WordNet / Princeton WordNet (CC BY 4.0, WordNet License); shared under CC BY-SA 4.0. Example sentences and recordings are credited where they appear.