blind trust

Definition

A trust in which the beneficiaries do not have knowledge of the trust's specific assets, and in which a fiduciary third party has complete management discretion.

Use blind trust in a sentence

You may have to take on a blind trust and just hope that it will work out as well as you have planned.

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I did not want to go in with blind trust, because that might end with our demise and with the other businesses success.

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The blind trust was decided upon to be the most optimal arrangement for the siblings who would be overly concerned with the exact numbers.

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