| Dictionary, Encyclopedia and Thesaurus - The Free Dictionary 3,898,258,616 visitors served. |
Dictionary/ thesaurus | Medical dictionary | Legal dictionary | Financial dictionary | Acronyms | Idioms | Encyclopedia | Wikipedia encyclopedia | ? |
Blind Trust |
Also found in: Dictionary/thesaurus, Wikipedia | 0.01 sec. |
|
|
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 trust where the beneficiary is not given knowledge of the assets in it. The trustee has knowledge of the assets and is responsible for investing them on behalf of the beneficiary. A grantor usually sets ups a blind trust to avoid potential conflicts of interest. 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. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
|
| Financial Dictionary |
| Free Tools: |
For surfers:
Free toolbar & extensions |
Word of the Day |
Help
For webmasters: Free content | Linking | Lookup box | Double-click lookup |
|---|