Meaning Of The Word Blind trust
What's the definition of Blind trust? Find Blind trust meanings, definitions and more at the Real Dictionary online.
Blind trust Meaning
| Blind trust Definition |
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What's The Definition Of Blind trust?
blind trust
countable noun: A blind trust is a financial arrangement in which someone's investments are managed without the person knowing where the money is invested. Blind trusts are used especially by people such as members of parliament, so that they cannot be accused of using t blind trust in American English an arrangement whereby a person, such as a public official, in an effort to avoid conflicts of interest, places certain personal assets under the control of an independent trustee with the provision that the person is to have no knowledge of how those ass noun: a trust in which a trustee controls the financial investments of a public official, without the beneficiary's knowledge of how his or her affairs are administered, in order to avoid conflict of interest blind trust in British English noun: 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 blind trust in Finance noun: A blind trust is a financial arrangement in which someone's investments are managed without the person knowing where the money is invested. |
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