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

Example Sentences

Recent Examples on the Web In 2019, he was given a senior role at the Treasury and placed his wealth in a blind trust to avoid allegations of impropriety. Paul Hannon, WSJ, 24 Oct. 2022 The governor has placed his own investments in a blind trust. Hartford Courant, 21 Oct. 2022 The legislation would require lawmakers and their spouses and dependent children to place stocks in a blind trust, among several bills with similar ideals. Meagan Flynn, Washington Post, 30 Sep. 2022 The athlete’s determination to win with uncritical blind trust can [open the door to] potential abuse. Christopher Vourlias, Variety, 15 Sep. 2022 His firm would be operated as a blind trust headed by Verdery. Los Angeles Times, 4 June 2022 Their proposal, the TRUST Act, would require members and their spouses and dependent children to put their individual stocks in a blind trust while in office to prevent insider trading or even the appearance of it. Meagan Flynn, Washington Post, 7 Sep. 2022 The Bass campaign held a news conference that morning where the former chief ethics lawyers to Presidents Obama and George W. Bush castigated Caruso’s plan to put his business in a blind trust if elected. Benjamin Oreskes, Los Angeles Times, 3 Sep. 2022 Asked how Caruso would avoid conflicts of interest as mayor, Ragone referred The Times to earlier comments made by the candidate about placing his company in a blind trust. Julia Wick, Los Angeles Times, 16 Aug. 2022 See More

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.

Word History

First Known Use

1969, in the meaning defined above

Time Traveler
The first known use of blind trust was in 1969

Dictionary Entries Near blind trust

Cite this Entry

“Blind trust.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/blind%20trust. Accessed 26 Nov. 2022.

Last Updated: - Updated example sentences
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