1. 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;
WordNet (r) 3.0 (2006):
blind trust
n 1: 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