blind trust
Noun
Meaning
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
Source: WordNetSynonyms
Antonyms
Hypernyms
Examples
Bloomberg would put Bloomberg LP into a blind trust, and the trustee would then sell the company, adviser Tim O’Brien said.
Devastating secrets come to light, splintering the unit and forcing Tally to question her blind trust.
In 1981, Carter returned to Georgia to his peanut farm, which he had placed into a blind trust during his presidency to avoid even the appearance of a conflict of interest.
Scott said he would continue to put his assets in a blind trust, managed by a third party, which his campaign said would avoid "even the appearance of a conflict of interest."
Scott’s campaign said that after reporting his assets the governor returned the investments held in his name to a new blind trust, which is managed by a third party — a company that includes the governor’s former personal adviser, Alan L. Bazaar.
Since becoming governor, Scott has shielded his assets from public scrutiny by using a blind trust and a series of privately held partnerships in his name and the name of his wife, Ann Scott.