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has gloss | (noun) a trust that enables a person to avoid possible conflict of interest by transferring assets to a fiduciary; the person establishing the trust gives up the right to information about the assets blind trust |
has gloss | eng: A blind trust is a trust in which the fiduciaries, namely the trustees or those who have been given power of attorney, have full discretion over the assets, and the trust beneficiaries have no knowledge of the holdings of the trust and no right to intervene in their handling. Blind trusts are generally used when a settlor (sometimes called a trustor or donor) wishes to keep the beneficiary unaware of the specific assets in the trust, such as to avoid conflict of interest between the beneficiary and the investments. Politicians or others in sensitive positions often place their personal assets (including investment income) into blind trusts, to avoid public scrutiny and accusations of conflicts of interest when they direct government funds to the private sector. |
lexicalization | eng: blind trust |
subclass of | (noun) something (as property) held by one party (the trustee) for the benefit of another (the beneficiary); "he is the beneficiary of a generous trust set up by his father" trust |
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Italian | |
has gloss | ita: Un blind trust รจ una forma di trust costituita allo scopo di separare completamente un soggetto dal proprio patrimonio, al fine di evitare alcune forme di conflitto di interessi. |
lexicalization | ita: blind trust |
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similar | e/Blind trust |
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