Definition of Blind pool

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TeachMeFinance.com - explain Blind pool




historic definition...

Blind pool -- Said when several persons contribute capital to a pool (mutual fund) only the manager of which knows in what way the money is to be used. The purpose of a blind pool is to insure secrecy.



About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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