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Blind trust
(redirected from blind trusts)

    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 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.



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For another, they have to submit to a great deal of public scrutiny, nowadays including sunshine laws, extensive financial disclosures and blind trusts, freedom of information statutes, and much more, whereas the back rooms where the Fourth Branch does its work of recruiting governmental clients and negotiating settlements remain off-limits to public scrutiny.
Big Guns by Olson, Walter / Reason
Blind trusts are emerging as a new tool for the private sector as boards and business executives adjust to the new investment environment and calls for improved corporate governance practices.
Blind Trusts Help Strengthen Corporate Governance and Avoid Conflicts ... by Business Wire
The complaint will allege, furthermore, that the current and former Chief Executive Officers of AremisSoft took advantage of this artificial price inflation by creating blind trusts naming their families as beneficiaries, transferring 4.
Kirby McInerney & Squire, LLP Retained to Commence Class Action ... by Business Wire
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