Business / Taxes / Blind Pool: If the general partner of a limited partnership does not say which investments the partnership will make, the investment is known as a blind pool. In a blind pool equipment leasing partnership, for example, you don’t know what type of equipment the partnership is planning to acquire for leasing, and in a blind pool real estate investment trust (REIT), you don’t know which properties the partnership will purchase. When you invest in a blind pool limited partnership, your evaluation of the partnership’s prospects is based on the investment track record of the general partner. In contrast, in a specified pool limited partnership, you can assess the partnership’s prospects on a more concrete analysis of the costs and projected revenues. However, there is no evidence that the average performance of blind pools differs significantly from the performance of comparable specified pool partnerships.
Blind Noun Synonyms: shade, curtain, screen, cover, shutter(s), awning
Blind Adjective Synonyms: sightless, eyeless, unsighted, purblind, stone-blind
Blind Verb Synonyms: deceive, blindfold, blinker, bamboozle, hoodwink, fool
Pool Noun Synonyms: syndicate, trust, group, consortium, cartel, combine
Pool Adjective Synonyms: pond, lake, tarn, mere, lagoon, swimming-pool, leisure pool, wading pool, paddling pool, wading pool, natatorium
Business / Finance / Multiple-Issuer Pools: Under the GNMA-II program, pools formed through the aggregation of individual issuers' loan packages. MORE
Technology / Cell Phones / Number Pooling: Increasingly popular tactic for conserving phone numbers. Numbers are returned by all carriers to a central authority, which puts them in a pool, from which carriers receive numbers in lots of 1,000, MORE