Business and Personal Finance Dictionary

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• BLIND TRUST
  
  When a third party, such as an investment adviser or other trustee, has complete control of the assets held in a trust, it is called a blind trust. Elected officials often set up blind trusts to reassure the public that political decisions are not being made for personal financial benefit, since the officials have given up control over how their investments are being managed, or even what those investments are.
  
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