pool

Definition

Group of related financial instruments, such as mortgages, combined for resale to investors on a secondary market. also called mortgage pool.

Use pool in a sentence

I was swimming in the pool when the man came to my door and told me that my dog had been found.

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You may need to pool all of your resources together to make a big deal if the time has become right.

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While the risk of default on each mortgage is significant, the risk is reduced by combining many similar mortgages together into a pool.

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