Pool: Difference between revisions

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v. t.) To put together; to contribute to a common fund, on the basis of a mutual division of profits or losses; to make a common interest of; as, the companies pooled their traffic.
n.) A mutual arrangement between competing lines, by which the receipts of all are aggregated, and then distributed pro rata according to agreement.

Revision as of 17:02, 28 May 2024

n.) A mutual arrangement between competing lines, by which the receipts of all are aggregated, and then distributed pro rata according to agreement.