blind trust [English]
- BT: trust
n. ~ An agreement in which trustors grant control over some property or interest to a group of independent trustees, who act on behalf of the trustees but without their knowledge, commonly to avoid a conflict of interest.
Typically used in the context of financial trusts.
- Law 2011 (†581 s.v. blind trust): A trust that manages somebody's business interests, with contents that are unknown to the beneficiary. People assuming public office use such trusts to avoid conflicts of interest. (†1139)