HyperDic: blind_trust

English > 1 sense of the expression blind trust:
NOUNpossessionblind trusta trust that enables a person to avoid possible conflict of interest by transferring assets to a fiduciary
English > blind trust: 1 sense > noun 1, possession
MeaningA 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.
BroadertrustSomething (as property) held by one party (the trustee) for the benefit of another (the beneficiary)

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