Finance
Pooling is the grouping together of assets, and related strategies for minimizing risk. Debt instruments with similar characteristics, such as mortgages, can be pooled into a new security, for example:
- Asset-backed securities (ABS)
- Mortgage-backed securities (MBS)
- Collateralized debt obligations (CDO)
- Collateralized mortgage obligations (CMO)
- Structured finance
- Collective investment schemes for pooling in relation to investment.
- Securitization
- Intergovernmental risk pool
- Pooling of interests is a merger-accounting method that was taken out of the market in the United States by the Financial Accounting Standards Board on June 30, 2001.
Read more about this topic: Pooling (resource Management)
Famous quotes containing the word finance:
“A bank is a confidence trick. If you put up the right signs, the wizards of finance themselves will come in and ask you to take their money.”
—Christina Stead (1902–1983)
“There is an enormous chasm between the relatively rich and powerful people who make decisions in government, business, and finance and our poorer neighbors who must depend on these decisions to alleviate the problems caused by their lack of power and influence.”
—Jimmy Carter (James Earl Carter, Jr.)
“Imperialism is capitalism at that stage of development at which the dominance of monopolies and finance capitalism is established; in which the export of capital has acquired pronounced importance; in which the division of the world among the international trusts has begun, in which the division of all territories of the globe among the biggest capitalist powers has been completed.”
—Vladimir Ilyich Lenin (1870–1924)