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

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Taking a pragmatic approach to adopting innovative technologies helps reduce liability and avoid the pitfalls that could come from blind trust in an algorithm. —

Steve Taplin, Forbes, 25 Nov. 2024 Justices should be required to place all applicable assets in blind trusts, be barred from accepting gifts such as free vacations and be held to a higher standard of scrutiny for partisan actions they or their family members may be engaged in. —

Kaitlyn Schallhorn, Orange County Register, 4 Oct. 2024 Taking such a position could see Musk put his stock in a blind trust or divest, which would likely tank Tesla’s stock price. —

William Gavin, Quartz, 5 Sep. 2024 Kelly's most lucrative assets are five accounts held in qualified blind trusts valued anywhere from $6.6 million to $31 million, records show. —

Robert Anglen, The Arizona Republic, 5 Aug. 2024 See all Example Sentences for blind trust