pooling

[ˈpuːlɪŋ]

pooling Definition

  • 1the action of combining resources or information for a common purpose
  • 2the act of collecting money from a group of people and putting it together to be used for a particular purpose

Using pooling: Examples

Take a moment to familiarize yourself with how "pooling" can be used in various situations through the following examples!

  • Example

    Pooling resources can help small businesses compete with larger ones.

  • Example

    The pooling of data from multiple sources allowed for a more comprehensive analysis.

  • Example

    The lottery prize was won by a group of coworkers who had been pooling their money for months.

pooling Synonyms and Antonyms

Phrases with pooling

  • carpooling

    the sharing of car journeys so that more than one person travels in a car, and prevents the need for others to have to drive to a location themselves

    Example

    We decided to start carpooling to work to save money on gas and reduce our carbon footprint.

  • pooling of interests

    an accounting method used in mergers and acquisitions where the balance sheets of the two companies are combined as if they were always a single entity

    Example

    The pooling of interests method is no longer allowed under generally accepted accounting principles.

  • a strategy used by insurance companies where they combine the risks of multiple policyholders into a single pool, allowing them to spread the risk and reduce the impact of individual claims

    Example

    The pooling of risk allows insurance companies to offer coverage to a large number of people at a reasonable cost.

📌

Summary: pooling in Brief

Pooling [ˈpuːlɪŋ] refers to the act of combining resources or information for a common purpose. It can involve collecting money from a group of people for a particular purpose, as in 'The lottery prize was won by a group of coworkers who had been pooling their money for months.' 'Pooling' extends into phrases like 'carpooling,' which involves sharing car journeys, and 'pooling of interests,' an accounting method used in mergers and acquisitions.