Definition of pool

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TeachMeFinance.com - explain pool



pool

'pool' is an military term meaning '(DOD) 1. Maintenance and control of a supply of resources or personnel upon which other activities may draw. The primary purpose of a pool is to promote maximum efficiency of use of the pooled resources or personnel, e.g., a petroleum pool or a labor and equipment pool'.

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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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