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Blind pool

noun

Definitions

Noun
  1. 1
    Collective investment (such as a company or syndicate) where the investors have little or no idea what is being done.

    "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."

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