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 (sometimes called a trust...
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http://en.wikipedia.org/wiki/Blind_trust
A financial arrangement in which a person avoids possible conflict of interest by transferring financial affairs to a fiduciary who has sole asset management discretion. The person establishing the trust also gives up the right to information regarding the assets.
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http://www.ais-cpa.com/glosa.html
A trust in which a fiduciary third party has total discretion to make investments on behalf of a beneficiary while the beneficiary is uninformed about the holdings of the trust.
Found on
http://www.duke.edu/~charvey/Classes/wpg/bfglosb.htm
"A trust that retains the settlor's right to terminate the trust, but relinquishes all power over the trust's management.
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http://www.encyclo.co.uk/local/21213
A trust in which a fiduciary third party has total discretion to make investments on behalf of a ben
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http://www.encyclo.co.uk/local/22402
A trust in which a trustee manages investments for someone who has no knowledge of the trust's specific assets or the actions taken by the trustee to manage them. Blind trusts are often used by high-ranking elected or appointed officials to avoid conflicts of interest.
Found on
http://www.nolo.com/dictionary/blind-trust-term.html
noun 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
Found on
https://www.encyclo.co.uk/local/20974
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.
Found on
https://www.infoplease.com/dictionary/blind-trust
No exact match found.
