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 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 Dutcher snipped the final strand, grabbed the net and did his blind trust fall backward into his players. Mark Zeigler, San Diego Union-Tribune, 26 Mar. 2023 This is especially true for Millennials and Gen Z digital natives who have spent most of their lives putting blind trust in technologies that drive their laptops and cell phones. Cindy Roark, Forbes, 29 Dec. 2022

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.

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 29 Mar. 2024.

Last Updated: - Updated example sentences
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