blind trust

noun

1. a trust in which a trustee controls the financial investments of a public official, without the beneficiary's knowledge of how their affairs are administered, in order to avoid conflict of interest.

blind trust

noun

1. 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

Word History and Origins

Origin of blind trust¹

First recorded in 1965–70

Example Sentences

He said he would support legislation requiring lawmakers to place their assets in a blind trust, and said he would support jail time for members of Congress who fail to disclose their assets.

From Los Angeles Times

Fortunately, if you do win the lottery, you can take advantage of a blind trust to help you keep your winnings.

From Encyclopedia.com

For instance, the most recent filings value their blind trust at “$47,220 or more.”

From Seattle Times

Rep. Katrina J. Smith, R-Palmero, who became the mother of a healthy daughter after being told her baby wouldn’t live, warned of the consequences of putting “blind trust in doctors.”

From Seattle Times

Justice listed 112 coal, agricultural and other businesses on a financial disclosure form that he filed this year with the state Ethics Commission, including seven that were placed in a blind trust in 2017.

From Seattle Times