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- Dictionaryblind trust
noun
- 1. a trust independently administering the private business interests of a person in public office to prevent conflict of interest. North American
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- Blind trust
Trust with complete autonomy of trustees
A blind trust is a trust in which the trust beneficiaries have no knowledge of the holdings of the trust, and no right to intervene in their handling. In a blind trust, the trustees (fiduciaries, or those who have been given power of attorney) have full discretion over the assets. Blind trusts are generally used when a trust creator (sometimes called a settlor, trustor, grantor, or donor) wishes f... Wikipedia
