Blind Trust
Financial Dictionary — Trusts & Ethics
Definition
Blind Trust is a trust where assets are not disclosed to their owner.
Detailed Explanation
A blind trust is a trust arrangement where the beneficiary/owner does not know the specific assets held or how they are managed, often used to avoid conflicts of interest.
Common Uses
- Used to explain the concept in accounting and business contexts.
- Used when training staff or documenting procedures and policies.
- Used when training staff or documenting procedures and policies.
Practical Example
- Example: Teams reference **Blind Trust** when defining terms in manuals, policies, or training materials.
Why This Term Matters
- Why it matters: Improves clarity and consistency across documentation and decision-making.