blind trust


Definition of blind trust

: an arrangement in which the financial holdings of a person in an influential position are placed in the control of a fiduciary in order to avoid a possible conflict of interest

Examples of blind trust in a Sentence

Recent Examples on the Web As governor, Newsom placed his wine and hospitality companies in a blind trust run by a family friend. Nora Mishanec, San Francisco Chronicle, 27 July 2021 Ihlenfeld introduced legislation in 2020 mandating that West Virginia governors place their assets in a blind trust, but the bill failed. Washington Post, 7 June 2021 Gross income from all sources totaled more than $2.2 million in 2019, with about $1.5 million coming from the wine and entertainment empire that Newsom placed in a blind trust before taking office. Alexei Koseff, San Francisco Chronicle, 17 May 2021 Some members of Congress, acknowledging the shortcomings of the Stock Act, are proposing a bipartisan bill that would require lawmakers to place assets like stock in a blind trust. Brian Slodysko, ajc, 21 May 2021 Because of the blind trust, the business earnings were not labeled, though one company generated $876,529 for the Newsoms. Alexei Koseff, San Francisco Chronicle, 17 May 2021 Under the terms of his blind trust, the trustee has total authority over the assets, including the power to sell off Newsom’s business ownership without consulting him, according to the governor’s office. Phil Willon, Los Angeles Times, 17 May 2021 The bill would require their colleagues, spouses and dependent children to use a qualified blind trust, as Mr. Ossoff and Mr. Kelly are doing. New York Times, 10 Apr. 2021 Justine’s quiet sadness; Leo’s blind trust; Claire’s profound horror. Alison Willmore, Vulture, 22 Feb. 2021

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'blind trust.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of blind trust

1969, in the meaning defined above

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Time Traveler for blind trust

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The first known use of blind trust was in 1969

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Last Updated

6 Aug 2021

Cite this Entry

“Blind trust.” Dictionary, Merriam-Webster, Accessed 18 Sep. 2021.

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