blind trust
Faith without verification
A blind trust is a financial arrangement where assets are managed by an independent party without the owner's knowledge of specific holdings or transactions.
Politicians and executives use blind trusts to avoid conflicts of interest: She placed her investments in a blind trust before taking office.
The phrase also describes faith given without verification or scrutiny: He followed her advice with blind trust.
- fiduciaryAgent bound by loyalty
- fiduciary dutyObligation to act loyally
- confidenceSelf-assurance or trust
- faithTrust without proof
- leap of faithTrust without verification
moral hazard · self-dealing · vulnerability · beneficiary · conflict of interest · conflict free · credulity · investor · gullibility · manipulation · emoluments · exploitation · divestiture · full disclosure · naivety · no questions asked · settlor · accountability
- Blindblindsided, night blindness, willful blindness, word blindness
- trustbelieve, safety, reliability, belief, faith
- government ethicsethics board, ethics committee, ethics rules, ethics violation, ethics violations
- naivetenaivety, naive, innocence, gullible, gullibility
- hidden moneyhidden assets, hidden wealth, hidden income, secret stash, cash stash
- Trust actsconfiding, entrusting, believing, opening up, vulnerability
blind trustdue diligence
Pre-transaction reasonable care
fact-checking · vetting · trust but verify · critical thinking · questioning
trust, blind, trusting, trusted, mistrust, distrust, blinds, blinding, blinded