pool

pool
A combination of persons or corporations engaged in the same business, or for the purpose of engaging in a particular business or commercial or speculative venture, where all contribute to a common fund, or place their holdings of a given stock or other security in the hands and control of a managing member or committee, with the object of eliminating competition as between the several members of the pool, or of establishing a monopoly or controlling prices or rates by the weight and power of their combined capital, or of raising or depressing prices on the stock market, or simply with a view to the successful conduct of an enterprise too great for the capital of any member individually, and on an agreement for the division of profits or losses among the members, either equally or pro rata.
Also, a similar combination not embracing the idea of a pooled or contributed capital, but simply the elimination of destructive competition between the members by an agreement to share or divide the profits of a given business or venture, as, for example, a contract between two or more competing railroads to abstain from "rate wars" and (usually) to maintain fixed rates, and to divide their earnings from the transportation of freight in fixed proportions. Such type pooling arrangements are illegal under the Sherman Antitrust Act.
See also cartel
In various methods of gambling, a "pool" is a sum of money made up of the stakes contributed by various persons, the whole of which is then wagered as a stake on the event of a race, game, or other contest, and the winnings (if any) are divided among the contributors to the pool pro rata. Or it is a sum similarly made up by the contributions of several persons, each of whom then makes his guess or prediction as to the event of a future contest or hazard, the successful bettor taking the entire pool. Such pools are distinct from the practice of bookmaking. U. S. v. Berent, C.A.Nev., 523 F.2d 1360, 1361.
A body of standing water, without a current or issue, accumulated in a natural basin or depression in the earth, and not artificially formed.
See pond
@ pooling agreement
A contractual arrangement among shareholders relating to the voting of their shares. So long as such agreement is limited to voting as shareholders, it is enforceable
@ pooling of interests
A method of accounting for mergers in which the acquired company's assets are recorded on the acquiring company's books at their cost when originally acquired. No goodwill account is created under the pooling method
@

Black's law dictionary. . 1990.

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  • pool — pool …   Dictionnaire des rimes

  • pool — [ pul ] n. m. • 1887; mot angl.→ 2. poule ♦ Anglic. 1 ♦ Groupement (de personnes physiques ou morales) assurant la gestion commune d une opération, de ressources, de moyens. ⇒ coopération; cartel, entente, groupe. Le pool charbon acier : la… …   Encyclopédie Universelle

  • Pool — may refer to: Bodies of water*Plunge pool, small, deep body of water *The River Pool, river in England, tributary to the River Ravensbourne *Reflecting pool, shallow pool of water designed to reflect a structure and its surroundings: **Capitol… …   Wikipedia

  • Pool — (dt. Becken) bezeichnet: ein Schwimmbecken oder Swimmingpool ein indisches Massemaß, 1 Pool = 45,359 Gramm Pool (Kongo), eine Region in der Republik Kongo im Pétanque bzw. Boule Spiel eine Anfangsformation (Vierergruppe einer Vorrunde). Bei… …   Deutsch Wikipedia

  • Pool — Pool, n. [F. poule, properly, a hen. See {Pullet}.] [Written also {poule}.] 1. The stake played for in certain games of cards, billiards, etc.; an aggregated stake to which each player has contributed a snare; also, the receptacle for the stakes …   The Collaborative International Dictionary of English

  • pool — 1 n 1: an aggregation of the interests, obligations, or undertakings of several parties working together an insurance pool 2: a group of people available for some purpose see also jury pool pool 2 vt: to combine (as a …   Law dictionary

  • pool — pool1 [po͞ol] n. [ME < OE pol, akin to Du poel & Ger pfuhl, prob. ult. < IE base * bhel , to shine, glimmer] 1. a small pond, as in a garden 2. a small collection of liquid, as a puddle 3. SWIMMING POOL 4. a deep, still spot in a river ☆ …   English World dictionary

  • pool — s.m.inv. ES ingl. {{wmetafile0}} 1. TS econ., fin. aggregazione, coalizione di imprese operanti nello stesso settore economico, o in settori complementari, per l adozione di comuni politiche di mercato 2. TS econ. organismo internazionale… …   Dizionario italiano

  • Pool — Pool, n. [AS. p[=o]l; akin to LG. pool, pohl, D. poel, G. pfuhl; cf. Icel. pollr, also W. pwll, Gael. poll.] 1. A small and rather deep collection of (usually) fresh water, as one supplied by a spring, or occurring in the course of a stream; a… …   The Collaborative International Dictionary of English

  • pool — Ⅰ. pool [1] ► NOUN 1) a small area of still water. 2) (also swimming pool) an artificial pool for swimming in. 3) a small, shallow patch of liquid lying on a surface. 4) a deep place in a river. ORIGIN Old English …   English terms dictionary

  • pool — s.n. Înţelegere temporară între întreprinderi privind stabilirea unor preţuri comune, a folosirii în comun a unor patente sau a influenţării cursului hârtiilor de valoare. [pron. pul. / < engl.. pool – asociaţie]. Trimis de LauraGellner, 28.07 …   Dicționar Român

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