Blind Trust
/ˈblaɪnd trʌst/
Definitions
- (n.) A fiduciary arrangement where a trustee manages assets without knowledge of the principal's identity or the nature of the assets to prevent conflicts of interest.
The public official placed his investments in a blind trust to avoid ethical conflicts.
Forms
- blind trust
Related terms
See also
Commentary
Blind trusts are commonly used by public officials to prevent conflicts between personal financial interests and official duties.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.