Blind Trust Example Sentence

It means blind t.

Blind trust example sentence.

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. Let s start with the basics. You could give as much as you wanted to as many politicians as you liked but the money would go through a blind trust administered by the government. Krauss never takes anything on blind trust.

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. ˌblaɪnd ˈtrʌst a type of trust that takes care of somebody s investments without the person knowing how their money is being invested. That pesky blind trust. Blind trusts can be revocable or irrevocable.

It is used by politicians for example so that their private business does not influence their political decisions. A blind trust can eliminate any conflicts of. This would allow wealthy ministers who receive income from blind trust funds to escape having their financial affairs scrutinised. North american a trust independently administering the private business interests of a person in public office to prevent conflict of interest.

This example is from wikipedia and may be reused under a cc by sa license. These examples have been automatically selected and may contain sensitive content. Examples of blind trust in a sentenceblind trust. His shares were placed in a blind trust when he became a government minister.

This example is from wikipedia and may be reused under a cc by sa license. A blind trust is a living trust where a trustee controls the assets without the grantor and beneficiary. They followed the instructions in blind trust that all would turn out well. One of the congressman s largest assets remains a blind trust that he created in 2010 that is worth 25 million to 50 million.

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. 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. 2020 paxton placed his financial holdings into a blind trust that same year.