blind trust

WordReference Random House Unabridged Dictionary of American English © 2025

blind′ trust′, 

1. Banking, Business a trust in which a trustee controls the financial investments of a public official, without the beneficiary's knowledge of how his or her affairs are administered, in order to avoid conflict of interest.

• 1965–70

Collins Concise English Dictionary © HarperCollins Publishers::

blind trust noun

1. a trust fund that manages the financial affairs of a person without informing him or her of any investments made, usually so that the beneficiary cannot be accused of using public office for private gain