Complete Definition of "blind pool"

English

Noun
en-noun

  1. finance Collective investment (such as a company or syndicate) where the investors have little or no idea what is being done.

#: 1985: 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. — w:Forbes|Forbes magazine 05.20.85 1

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

ru:blind pool

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