Blind Trust Example Sentence

They followed the instructions in blind trust that all would turn out well.

Blind trust example sentence.

This would allow wealthy ministers who receive income from blind trust funds to escape having their financial affairs scrutinised. That pesky blind trust. One of the congressman s largest assets remains a blind trust that he created in 2010 that is worth 25 million to 50 million. North american a trust independently administering the private business interests of a person in public office to prevent conflict of interest.

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. His shares were placed in a blind trust when he became a government minister. See blind trust in the oxford advanced american dictionary. A blind trust can eliminate any conflicts of.

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. 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. This example is from wikipedia and may be reused under a cc by sa license.

It means blind t. 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. Blind trusts can be revocable or irrevocable. 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.

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. These examples have been automatically selected and may contain sensitive content. Let s start with the basics. These examples are from the cambridge english corpus and from sources on the web.

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. 2020 paxton placed his financial holdings into a blind trust that same year. Krauss never takes anything on blind trust.