money pool
Collective financial reserve
A money pool is an arrangement where multiple people contribute funds to a shared reserve for a common purpose.
The term covers formal investment vehicles, office lottery syndicates, and informal savings clubs where members take turns receiving the collected sum: We started a money pool for the company gift.
The pooling distributes both risk and reward among participants.
- kittyPooled group money
- tip jarContainer for gratuities
- fundReserved money supply
- joint accountBank holding with co-owners
- potVessel for cooking
jackpot · contributions · shares · syndicate · collective · piggy bank · savings · rainy day fund · stakes · ante · investment · lottery · raffle · winnings · dividends · escrow · trust · slush fund
- informal financecash only, under the table, off the books, handshake deal, verbal agreement
- savings groupstontine, pardner, merry-go-round, Christmas club
- savings institutionssavings bank, savings and loan, thrift, cooperative bank
- shared resourcesshared resources, commons, co-op, cooperative, mutual aid