What does blind trust mean?
Definitions for blind trust
blind trust
This dictionary definitions page includes all the possible meanings, example usage and translations of the word blind trust.
Princeton's WordNet
blind trustnoun
a trust that enables a person to avoid possible conflict of interest by transferring assets to a fiduciary; the person establishing the trust gives up the right to information about the assets
ChatGPT
blind trust
A blind trust is a financial arrangement in which a person transfers the control and management of their assets or investments to an independent trust, with the details of how the assets are handled kept secret from the person. The owner of the assets, known as the grantor, has no knowledge or control over how the assets are managed, which is done by a trustee. This arrangement is often used by politicians and corporate executives to avoid conflict of interest or accusations of insider trading.
Wikidata
Blind trust
A blind trust is a trust in which the fiduciaries, namely the trustees or those who have been given power of attorney, have full discretion over the assets, and the trust beneficiaries have no knowledge of the holdings of the trust and no right to intervene in their handling. Blind trusts are generally used when a settlor wishes to keep the beneficiary unaware of the specific assets in the trust, such as to avoid conflict of interest between the beneficiary and the investments. Politicians or others in sensitive positions often place their personal assets into blind trusts, to avoid public scrutiny and accusations of conflicts of interest when they direct government funds to the private sector. A blind trust is often frequently used with those who have come across a fortune within a short period of time in order to keep their identity anonymous to the public.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of blind trust in Chaldean Numerology is: 7
Pythagorean Numerology
The numerical value of blind trust in Pythagorean Numerology is: 4
Examples of blind trust in a Sentence
Blind trust in these solutions is as dangerous as complete lack of faith in the effectiveness of it, generative AI solutions can also make up facts or present inaccurate information from time to time – and organizations need to be prepared to mitigate this negative impact.
Translations for blind trust
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"blind trust." Definitions.net. STANDS4 LLC, 2024. Web. 25 Apr. 2024. <https://www.definitions.net/definition/blind+trust>.
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