Pool

Defined in 5 dictionaries — Cyclopedic (1922), Ballentine's (1916), Bouvier (1914), Black's (1910), Kinney (1893)

The Cyclopedic Law Dictionary

Walter A. Shumaker and George Foster Longsdorf; ed. James C. Cahill · 1922

A pond (q. v.) A combination of independent persons or corporations for the division of earnings. See "Pooling Contract." A pool or trust is a combination having the intention and power, or tendency, to monopolize business, or to control production, or to interferfe with trade, or to fix and regulate prices, and the like. The primary object of a pool or trust is to secure a monopoly. The law does not call for proof of monopoly in order to declare such combinations unlawful. 114 111. App. 112.

Ballentine's Law Dictionary

James A. Ballentine · 1916

A combination of a number of persons, each staking a sum of money on the success of a race, or a contestant in a game, the money to be divided among the successful betters according to the sum put in by each. See 93 Va. 159, 57 Am. St. Rep. 795, 31 L. R. A. 822, 24 S. E. 930. An association of persons engaged in buying or selling a certain commodity or commodities. See 103 U. S. 168, 26 L. Ed. 377.

Bouvier's Law Dictionary and Concise Encyclopedia

John Bouvier; revised by Francis Rawle · 1914

A small lake of standing water. By the grant of a pool, it is said both land and water will pass; Co. Litt. 5. doubtedly the right to fish, and probably right to use hydraulic works, will be quired by such grant; Bullen v. Runnels, N. H. 250, 0 Am. Dec. 55; Co. Litt. 5; Abr. Grants (H 3); Com. Dig. Grant (E Jackson v. Halstead, 5 Cow. (N. Y.) Cro..Tae. 150. See Bake. A combination of stakes, the money rived from which goes to the winner. v. Ferry, 146 Mass. 203, 15 N. E. 484. Gaming; Horse Race. A commercial term used to indicate a tract between two competing railroad panies, whereby they agree to divide their earnings over and above the amounts required for the payment of operating penses. See Restraint of Trade. As a business term the word “pool,” used in the phrase “real estate pool,” no more than that certain individuals engaged in dealing in real estate as a modity of traffic. Kilbouru v. Thompson, 103 U. S. 195, 26 L. Ed. 377.

Black's Law Dictionary

Henry Campbell Black, M.A. · 1910

1. A combination of persons or corporations engaged in the same business or for the purpose of engaging in a particular business or commercial or speculative venture, where all contribute to a common fund or placo their holdings of a given stock or other security in the hands and control of a managing member or committee, with the object of eliminating competition as between the several members of the pool or of establishing a monopoly or controlling prices or rates by the weight and power of their combined capital or of raising or depressing prices on the stock market, or simply with a view to the successful conduct of an enterprise too great for the capital of any member individually, and on an agreement for the division of profits or losses among the members, either equally or pro rata. Also, a similar combination not embracing the idea of a pooled or contributed capital, but simply the elimination of destructive competition between the members by an agreement to share or divide the profits of a given business or venture, as, for example, a contract between two or more competing railroads to abstain from "rate wars" and (usually) to maintain fixed rates, and to divide their earnings from the transportation of freight in fixed proportions. See Green v. Higham, 161 Mo. 333, 61 S. W. 798; Mollyneaux v. Wittenberg, 39 Neb. 547, 58 N. W. 205; Kilbourn v. Thompson, 103 U. S. 195, 26 In Ed. 377; American Biscuit Co. v. Klotz (C. Ct) 44 Fed. 725; U. S. v. Trans-Missouri Freight Ass'n, 58 Fed. 66, 7 C. C. A. 15, 24 L. R. A. 73.
2. In various methods of gambling, a "pod" is a sum of money made up of the Btakes contributed by various persons, the whole of which is then wagered as a stake on the event of a race, game, or other contest, and the winnings (if any) are divided among the contributors to the pool pro rata. Or it is a sum similarly made up by the contributions of several persons, each of whom then makes his guess or prediction as to the event of a future contest or hazard, the successful better inking the entire pool. See Ex parte Powell, 43 Tex. Ch. R. 391, 66 S. W. 298; Com. v. Ferry, 146 Mass. 203, 15 N. E. 484; James v. State, 63 Md. 248; Lacoy v. Palmer, 93 Va. 159, 24 S. E. 930, 31 In R. A. 822, 57 Am. St. Rep. 795; Pcople v. Mo-Cub, 87 App. Div. 72, 83 N. Y. Supp. 1088.
3. A bsdy of standing water, without a current or issue, accumulated in a natural basin or depression in the earth, and not artificially formed.

A Law Dictionary and Glossary

George C. Kinney · 1893

The stake played for in a game of cards; a combination of commodities, interests or earnings for the mutual advantage of the persons combining, and the disadvantage, possibly, of outsiders, — in effect a quasi partnership.