blind pool

English

Noun

blind pool (plural blind pools)

  1. (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, 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

May be used as a pejorative for a company providing poor information to shareholders.

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