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
Synonyms for pooling
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.
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.
