| Definitions | | blind pool |
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noun
- (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 http://www.forbes.com/free_forbes/1985/0520/038_2.html
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