BLIND TRUST

Pronunciation (US):

(GB):

 I. (noun) 

Sense 1

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

Classified under:

Nouns denoting possession and transfer of possession

Hypernyms ("blind trust" is a kind of...):

trust (something (as property) held by one party (the trustee) for the benefit of another (the beneficiary))

Credits