blind trust

American  

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.

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blind trust British  

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

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Etymology

Origin of blind trust

First recorded in 1965–70

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Example Sentences

See Examples For:

blind trust

By 2018, he told a lender he had amassed a net worth of some $5.5 million, not including millions of dollars in assets he and his wife had moved into a blind trust.

From The Wall Street Journal ● Oct. 13, 2026

The governor and his wife put their investments in a blind trust when he took office.

From Los Angeles Times ● Jul. 31, 2026

Paxton shares a separate blind trust with his wife, Angela, that they have used to purchase property and other assets.

From Salon ● Jul. 7, 2026

In a blind trust, relevant parties transfer their shares to independent trustees, whereby all the decision-making of the club will rest solely under the control of the third party.

From BBC ● Apr. 27, 2026

Could she trust it now, the hilarious freedom of the upward flight, the blind trust in the kindly grip of adult wrists, when the fifth person could so easily have been Robbie?

From "Atonement" by Ian McEwan

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