Blind Trust Example Sentence

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Blind trust example sentence.

That pesky blind trust. A blind trust can eliminate any conflicts of. It means blind t. ˌblaɪnd ˈtrʌst a type of trust that takes care of somebody s investments without the person knowing how their money is being invested.

It is used by politicians for example so that their private business does not influence their political decisions. A trust in which a person places his or her investments or assets under the control of an independent trustee and is not advised as to the trustee s decision making regarding the investments or assets so as to prevent the expectation of personal profit or benefit from influencing the person s actions. North american a trust independently administering the private business interests of a person in public office to prevent conflict of interest. These examples are from the cambridge english corpus and from sources on the web.

Let s start with the basics. He can sell the stock but this might not be financially advantageous so he might place it in a blind trust for his heirs instead. One of the congressman s largest assets remains a blind trust that he created in 2010 that is worth 25 million to 50 million. For example a politician actively opposing the national rifle association might not want it known that he owns considerable stock in a company that produces firearms.

This example is from wikipedia and may be reused under a cc by sa license. Examples of blind trust in a sentence recent examples on the web the sales requirement would apply to any incoming cio potentially mandating that the proceeds go into a blind trust. See blind trust in the oxford advanced american dictionary. Examples of blind trust in a sentenceblind trust.

Krauss never takes anything on blind trust. His shares were placed in a blind trust when he became a government minister. 2020 paxton placed his financial holdings into a blind trust that same year. Blind trusts can be revocable or irrevocable.

The blind trust which hopes to find a new owner for the league abandons its efforts and the league has over 2 million in debts. This example is from wikipedia and may be reused under a cc by sa license. This would allow wealthy ministers who receive income from blind trust funds to escape having their financial affairs scrutinised.