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

Example Sentences

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

Last year, Nottingham Forest owner Evangelos Marinakis placed the club into a blind trust in case they qualified for the Champions League.

From BBC • Apr. 27, 2026

"A blind trust is not a solution," the head of Transparency International's Czech branch, David Kotora, told news site Seznam Zpravy.

From BBC • Dec. 9, 2025

The blind trust the Paxtons voluntarily established in 2015, called the Esther Blind Trust, is structured to block the couple from knowledge of their investments.

From The Wall Street Journal • Oct. 9, 2025

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