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Pooling Contract

Defined in 1 dictionary — Cyclopedic (1922)

The Cyclopedic Law Dictionary

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

Strictly, an agreement between common carriers to divide their earnings on an agreed basis, irrespective of the proportions which such earnings bore to each other, the same being put into a common fund or "pool" (15 Fed. 667; 23 Fed. 306); but the term is loosely applied to other combinations of carriers. See 126 Ind. 348.