| NOUN | possession | blind trust | a trust that enables a person to avoid possible conflict of interest by transferring assets to a fiduciary |
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| Meaning | 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. | |
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| Broader | trust | Something (as property) held by one party (the trustee) for the benefit of another (the beneficiary) |
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