Black's Law Dictionary (2nd edition)dictionaries

Pool

1. A combination of persons or corporations engaged in tbe same business, or for the purpose of engaging in a particular buslness or commercial or speculatlve ven-ture, where all contribute to a common fund, or place thelr holdings of a glven stock or otber security in the hands and control of a managing member or compilttee, wlth the object of eliminating competltlon as between tbe several members of the pool, or of es-tabllshing a monopoly or controlling prices or rates by the welght and power of thelr combined capital, or of raislng or depressing

Source: Black’s Law Dictionary 2nd Ed (1910)