Pooling is the basic concept behind mutual funds A fund pools the money of thousands of individual and institutional investors who share common financial goals The fund uses this pool to buy a diversified portfolio of investments
Combining resources for a common purpose such as in mutual funds The fund uses pooled funds to invest in various assets, thus diversifying risk
The practice of underwriting a number of small groups as if they constituted one large group
Basic concept behind mutual funds A fund pools the money of thousands of individual investors who share a common investment objective The fund uses this pool to buy a diversified portfolio of investments Each mutual fund share represents ownership in all the fund's underlying securities
The process of sharing or combining individual case experience among all cases of a specified class for the purpose of experience rating
Combining resources, expertise, equipment, etc for use toward a common purpose This helps to save scarce resources and reduces the possibility of duplication or gaps in services Topic areas: Fundraising and Financial Sustainability, Governance, Staff Development and Organizational Capacity, Accountability and Evaluation, Volunteer Management, Operations Management and Leadership
The act of uniting, or an agreement to unite, an aggregation of properties belonging to different persons, with a view to common liabilities or profits
The combining of different loans into standardized or predefined units for trading purposes This activity increases the homogenization of the underlying collateral A key benefit of pooling is a diverse, generic security
The aggregation of assets provided by investors who have a common financial goal The investment pool is used to buy a portfolio of stocks and bonds; this diversified portfolio becomes mutually owned by the mutual fund investors who have "per share" interests
When two members combine miles or points from different accounts to redeem an award Usually not allowed, but sometimes is permissible for family members or spouses
Spreading of losses incurred by the few over the entire group, so that in the process, average loss is substituted for actual loss
A budgeting concept in Colleague that allows a reporting unit to have one overall budget for multiple account numbers An "Umbrella" account number is established and is linked with multiple "Poolee" account numbers The Umbrella account contains the total budget, and the Poolee accounts spend against that budget Expenditures are charged to the Poolee accounts only The Poolee accounts are not individually budgeted The University uses this concept to be able to keep track of State of Illinois expense categories for appropriated funds, such as Commodities, Contractual, etc It can also be a valuable tool for non-appropriated units who have no need to budget at a very detailed level At this time, Colleague only allows one level of pooling between linked accounts