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Blind trust |
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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. 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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| We are glad it has responded to our concerns, but we are not so foolish as to start relying on blind trust in Waste Management. Blind faith and blind trust toward health care are luxuries we can no longer afford," writes Colleen Badell Ph. Therefore, both the blind trust and the underlying investments held in a blind trust are considered to be direct financial interests of the covered member. |
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