Blind Trust Example Sentence

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

Blind trust example sentence.

Examples of blind trust in a sentenceblind trust. That pesky blind trust. 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. Blind trusts can be revocable or irrevocable.

See blind trust in the oxford advanced american dictionary. 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. North american a trust independently administering the private business interests of a person in public office to prevent conflict of interest. It means blind t.

ˌblaɪnd ˈtrʌst a type of trust that takes care of somebody s investments without the person knowing how their money is being invested. A blind trust is a living trust where a trustee controls the assets without the grantor and beneficiary. These examples have been automatically selected and may contain sensitive content. It is used by politicians for example so that their private business does not influence their political decisions.

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. 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. Krauss never takes anything on blind trust.

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. This example is from wikipedia and may be reused under a cc by sa license. These examples are from the cambridge english corpus and from sources on the web. 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. 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.