blind trust

English - Turkish

Definition of blind trust in English Turkish dictionary: Kör fon: Bir kişinin yatırımlarının, parasının nereye yatırıldığı, nasıl değerlendirildiği konusunda hiç bir bilgisi olmaksızın yönetimine ilişkin, aracı bir şirketle yapılan mali bir düzenleme veya anlaşma

English - English

Definition of blind trust in English English dictionary: 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; 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; A blind trust is a financial arrangement in which someone's investments are managed without the person knowing where the money is invested. Blind trusts are used especially by people such as members of parliament, so that they cannot be accused of using their position to make money unfairly. His shares were placed in a blind trust when he became a government minister. A financial arrangement in which a person, such as a high-ranking elected official, avoids possible conflict of interest by relegating his or her financial affairs to a fiduciary who has sole discretion as to their management. The person choosing the trust also gives up the right to information regarding the status of the assets

blind trust