0 a financial arrangement in which someone's money is invested for them by another person or company, who controls and makes all decisions about the investments: --
1 a financial arrangement in which someone agrees that their money can be invested by other people and that they cannot influence the types of investment those people choose to make: --
This is referred to as a blind trust.
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.
An additional blind trust, valued at $100 million in 2012, exists in the name of their children.
Alas, they paid dearly for their courage and blind trust in the law.
What about the blind trust?
I have taken advice from the assistant registrar, who says that a blind trust would no longer be acceptable because when the system was last used it broke down.
That uncertainty is causing many problems: should people invest and expect a second charge for their policies, or are they expected to depend on blind trust?
In my opinion, it succeeds in avoiding two pitfalls: blind trust in the nuclear power industry and highly unreasonable fears of that same industry and related fantasies.
