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The phrase "a blind trust" is correct and usable in written English.
It is typically used in the context of finance or law to refer to a trust in which the trustee has full discretion to manage the assets without the beneficiary's knowledge of the specific investments.
Example: "To avoid any conflicts of interest while in office, the senator placed his assets in a blind trust."
Alternatives: "an irrevocable trust" or "a discretionary trust".
Exact(60)
Is that a blind trust?
Neither is a blind trust.
"We've had a blind trust for how many years.
Now his money is in a blind trust.
He also put his investments into a blind trust.
This is the opposite of a blind trust.
"I would put it in a blind trust — well, I don't know if it's a blind trust if Ivanka, Don, and Eric run it.
He also said the shares were held in a blind trust, as is customary for ministers.
The candidate responded that he did not manage his money, which is in a blind trust.
"Any investments that I make are managed by a blind trust," he said.
To prevent conflict of interest, he also promised to put his assets in a blind trust.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com