blind trust

noun

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

Placing The Greenbrier in a blind trust makes no sense because the Governor knows the family owns the business. Ken Ward Jr., ProPublica, "Welcome to the Greenbrier, the Governor-Owned Luxury Resort Filled With Conflicts of Interest," 15 Aug. 2019 Fried also reported a salary of $128,972 this year as agriculture commissioner and $247,730 in checking and savings accounts, $156,934 in retirement accounts and $360,588 in a blind trust. Jim Turner, orlandosentinel.com, "All 3 Florida Cabinet members are millionaires, finance reports show," 3 July 2019 Fried also reported a salary of $128,972 this year as agriculture commissioner and $247,730 in checking and savings accounts, $156,934 in retirement accounts and $360,588 in a blind trust. Jim Turner, sun-sentinel.com, "Millionaire’s row: All 3 Florida Cabinet members post net worth over 7 figures," 3 July 2019 Nuno shows a blind trust in our work and this is halfway through. SI.com, "Premier League: How Many Injuries Each Club Suffered During the 2018/19 Season," 12 June 2019 Trump’s children are running the business now, though the arrangement comes up well shy of a blind trust, which ethics watchdogs had called for. Aaron Blake, Washington Post, "Trump’s family business issued a not-so-veiled political threat to a foreign president," 9 Apr. 2018 Floridians deserve a governor who complies with the spirit of what a blind trust is meant to do. Amy Lieu, Fox News, "Florida Gov. Rick Scott much wealthier than previously reported, data show," 28 July 2018 But the report showed the value of the blind trust at $215 million as of the end of 2017, up from $130.5 million at the end of 2016. OrlandoSentinel.com, "Gov. Rick Scott's net worth tops $232 million," 29 June 2018 The governor reported that in 2017 his blind trust ballooned in value from $130 million to $215 million. Mary Ellen Klas, miamiherald, "Florida Gov. Rick Scott's net worth climbs $83 million in 2017," 29 June 2018

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.

See More

First Known Use of blind trust

1969, in the meaning defined above

Keep scrolling for more

Learn More about blind trust

Statistics for blind trust

Last Updated

3 Sep 2019

Look-up Popularity

Time Traveler for blind trust

The first known use of blind trust was in 1969

See more words from the same year

More from Merriam-Webster on blind trust

Rhyming Dictionary: Words that rhyme with blind trust

Comments on blind trust

What made you want to look up blind trust? Please tell us where you read or heard it (including the quote, if possible).

WORD OF THE DAY

recurring in steady succession

Get Word of the Day daily email!

Test Your Vocabulary

Musical Words Quiz

  • gramophone
  • Which word describes a musical performance marked by the absence of instrumental accompaniment?
How Strong Is Your Vocabulary?

Test your vocabulary with our 10-question quiz!

TAKE THE QUIZ
SCRABBLE® Sprint

Test Your Knowledge - and learn some interesting things along the way.

TAKE THE QUIZ
Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!