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 The sales requirement would apply to any incoming CIO, potentially mandating that the proceeds go into a blind trust. Romy Varghese, Bloomberg.com, "Calpers May Force Its Next CIO to Unload Personal Holdings," 4 Sep. 2020 Paxton placed his financial holdings into a blind trust that same year. Lauren Mcgaughy, Dallas News, "Jack Brewer, ex-NFL player accused of insider trading, vouches that Trump is no racist at GOP conventionThis article has comments enabled.," 26 Aug. 2020 Bloomberg would put Bloomberg LP into a blind trust, and the trustee would then sell the company, adviser Tim O’Brien said. Kathleen Ronayne, The Denver Post, "Bloomberg would sell business interests if elected president," 18 Feb. 2020 When Hegar slammed West for not agreeing to put his holdings in a blind trust, West said he hadn’t been asked to do so. Allie Morris, Dallas News, "MJ Hegar, Royce West fighting to become Democratic Senate champ against GOP incumbent John Cornyn," 5 July 2020 But along the offensive line that chemistry is even more important, because if their blind trust in one another falters, then the entire play comes to an end. Cameron Teague Robinson, The Courier-Journal, "Why Louisville's interior offensive line, though overlooked, could be a big strength," 23 June 2020 Feinstein, for example, has her investments in a blind trust. Dan Mclaughlin, National Review, "Other Senators Don’t Have Richard Burr’s Insider-Trading Problem," 9 Apr. 2020 Under the terms of the 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, "Gov. Gavin Newsom reports $1.2-million income in new disclosure of tax returns," 7 Mar. 2020 The records do not reflect any changes to Newsom’s wine and entertainment empire since he was elected governor and placed his extensive business holdings in a blind trust. Alexei Koseff, SFChronicle.com, "Gavin Newsom, Jennifer Siebel Newsom topped $1 million in 2018. Here’s their tax bill," 7 Mar. 2020

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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The first known use of blind trust was in 1969

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Last Updated

10 Sep 2020

Cite this Entry

“Blind trust.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/blind%20trust. Accessed 24 Sep. 2020.

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