blind trust

blind trust

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.

Origin:
1965–70
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2012.
Cite This Source Link To blind trust

00:10

00:09

00:08

00:07

00:06

00:05

00:04

00:03

00:02

00:01

Blind trust is always a great word to know.
So is zedonk. Does it mean:
an arrangement of five objects, as trees, in a square or rectangle, one at each corner and one in the middle.
the offspring of a zebra and a donkey.
Collins
World English Dictionary
blind trust
 
n
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

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
Cite This Source
Dictionary.com, LLC. Copyright © 2012. All rights reserved.
  • Please Login or Sign Up to use the Recent Searches feature
FAVORITES
RECENT