blind trust

noun

: 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 After being elected governor of California in 2018, Newsom placed his holdings in a blind trust. —

Andrew Sheeler, Sacramento Bee, 3 Apr. 2024 A number of presidents tried to steer clear of the appearance of profiting off their position by voluntarily putting their assets and investments in blind trusts. —

Sharon Lafraniere, New York Times, 27 Mar. 2024 Newsom’s assets were put in a blind trust after he was elected governor in 2018. —

Daniela Sirtori-Cortina, Fortune, 1 Mar. 2024 But that will be based on China being trustworthy, not on Europe having blind trust. —

Peter Vanham, Fortune, 17 Jan. 2024 Feinstein's most recent financial disclosure form, filed in May, shows that her wealth included millions held in a blind trust — a standard financial arrangement for members of Congress — U.S. Treasury bills and other low-risk instruments, and money stashed in several large bank accounts. —

Aimee Picchi, CBS News, 29 Sep. 2023 The bill would give members 90 days to divest their stock holdings, and says House ethics officials must give prior approval to any blind trust. —

Kathryn Watson, CBS News, 2 May 2023 On Sunday, the House Committee on General Investigating announced their intent to issue subpoenas to several banks and trusts, including Paxton’s own blind trust and the man who oversees it. —

Allie Morris, Dallas News, 29 May 2023 The family gave her a budget, a credit card, and their blind trust. —

Terri Robertson, Country Living, 26 Apr. 2023

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'blind trust.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.