Meaning of blind pool | Babel Free

Definitions

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

Examples

“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.”

CEFR level