pool

See commodity pool. The CENTER ONLINE Futures Glossary

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(1) For mortgage-backed securities, a pool is a group of mortgage loans backing an individual security issue.

(2) In funds transfer pricing systems, a pool is an aggregation of funds to provide average or moving average cost of funds for allocation to products or business units. American Banker Glossary

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In capital budgeting, the concept that investment projects are financed out of a pool of bonds, preferred stock, and common stock, and a weighted-average cost of capital must be used to calculate investment returns. In insurance, a group of insurers who share premiums and losses in order to spread risk. In investments, the combination of funds for the benefit of a common project, or a group of investors who use their combined influence to manipulate prices. Bloomberg Financial Dictionary

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A small collective investment scheme operated in the USA which is limited to 35 members, and can only be marketed subject to a very restrictive regime. Dresdner Kleinwort Wasserstein financial glossary

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▪ I. pool pool ¹ [puːl] noun [countable]

1. an amount of money or a number of things shared by a group of people:

• Both partners put money into a common pool, and both may spend this money.

blind pool FINANCE

a fund where investors do not know exactly what businesses their money will be invested in:

• a $60 million blind pool from which he hopes to start a number of high-technology companies

2. HUMAN RESOURCES a group of people who are available to do a particular job, if they are needed:

• Taiwan offered a pool of cheap labour.

• There is a considerable pool of experience within our own organization.

3. INSURANCE an association of insurance companies organized to underwrite (= be responsible for) a particular risk, each member sharing any costs or losses:

• the state-run pool for high-risk drivers

— see also car pool¹, motor pool

  [m0] ▪ II. pool pool ² verb [transitive]

to combine your money, ideas, skills etc with those of other people so that you can all use them:

• Meetings enable people topool ideas.

• More and more firms are pooling their resources and going into joint ventures.

— pooling noun [uncountable] :

• the pooling of information

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Ⅰ.

pool UK US /puːl/ noun

► a quantity of a particular thing or money that is collected and used by different people or organizations: »

You can buy shares directly via a stockbroker or invest in a pool of shares run by a professional fund manager.

»

You can use a car from the car pool for your trip.

► WORKPLACE, HR a number of people who are available to work when needed: »

We are creating a pool of workers who are willing and able to fill such positions.

»

Many companies are considering outsourcing some of their operations in order to tap into a cheaper pool of labour.

► INSURANCE a group of insurance companies that work together to provide insurance for something that a single insurance company cannot provide insurance for alone: »

a high-risk insurance pool

→ See also BLIND POOL(Cf. ↑blind pool), CARPOOL(Cf. ↑carpool) noun, MOTOR POOL(Cf. ↑motor pool)

Ⅱ.

pool UK US /puːl/ verb [T]

► to share something such as money, information, etc. so that it can be used by several different people or groups: »

The countries agreed to pool resources for defence purposes.

»

They pool money from thousands of different investors and put it into a wide range of companies.

»

pool experience/knowledge/talents