Definition of blind pool in English:
A company that sells stock without specifying how invested money will be spent.
- ‘In the 1980s there were lots of bad guys engaged in blind pools and shells,’ says David Feldman, a partner at the New York City law firm of Feldman Weinstein.
- Deborah Seine, managing director in the ABCP group at Fitch Ratings, said that these ABCP conduits are ‘blind pool financing vehicles’ so that an investor doesn't know who are the ultimate sellers in the program.
- Under the new rules, sponsors of a blind pool will need five years of real estate experience.
What do you find interesting about this word or phrase?
Comments that don't adhere to our Community Guidelines may be moderated or removed.