blind pool
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English[edit]
Noun[edit]
blind pool (plural blind pools)
- (finance) Collective investment (such as a company or syndicate) where the investors have little or no idea what is being done.
- 1985, Richard L. Stern, Lisa Gubernic, “The Smarter They Are, The Harder They Fall”, in Forbes[1], archived from the original on 10 September 2005, 05.20.85:
- A Manhattan-based lawyer who is an expert in "blind pool" stock issues--those with a prospectus that says we don't know what we'll do with your money--notes that one of the better tactics is pinpointing specific groups for the sales pitch.
Usage notes[edit]
May be used as a pejorative for a company providing poor information to shareholders.