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
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Still, it's traditionally been a norm that a president would divest himself from his business interests, or place some interests in a blind trust. Kathryn Watson, CBS News, 19 Feb. 2025 Previous presidents have taken more significant steps to avoid conflicts of interest and the appearance of self-dealing, including by putting their businesses in blind trusts. Lex Harvey, Auzinea Bacon and Matt Egan, CNN, 20 Jan. 2025 After nearly four decades leading the company, Lee placed it in a blind trust before taking office in 2019. Vivian Jones, The Tennessean, 19 Mar. 2024 His investments and business assets will be held in a trust managed by his children rather than a blind trust, similar to the arrangement during Trump’s first term. Brett Samuels, The Hill, 10 Jan. 2025 See All Example Sentences for blind trust

Word History

First Known Use

1967, in the meaning defined above

Time Traveler
The first known use of blind trust was in 1967

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Cite this Entry

“Blind trust.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/blind%20trust. Accessed 27 Feb. 2025.

Last Updated: - Updated example sentences
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