Pool definition

Pool means a voluntary arrangement, established on an ongoing basis, pursuant to which two or more insurers participate in the sharing of risks on a predetermined basis. The pool may operate through an association, syndicate, or other pooling agreement.

Pool means an underground reservoir containing a common accumulation of oil and gas or both; each zone of a structure that is completely separated from any other zone in the same structure is a pool.

Pool means any artificial water holding structure with a closed-loop circulation of water through a water treatment system with a return to the structure.

Examples of Pool in a sentence

• Once the Pool has been finally designated by DCLG, the period of membership will be for a minimum of the forthcoming financial year.

• To assist the Lead Authority in fulfilling its responsibilities Pool members (including the Lead Authority as appropriate) will be responsible for: • The collection of relevant business rates to transfer to the Pool run by the Lead Authority.

• Should a member withdraw from the Pool during the settlement consultation period, the Pool will be dissolved in accordance with DCLG rules.

• This will allow remaining Pool members to consider whether they wish to submit a new pooling application.

• If unanimity cannot be reached after a number of options have been considered, the circumstances and difficulties arising will be reported to and guidance sought from the Chief Executives of the councils that are in the Pool for a formal, binding decision to be agreed.

More Definitions of Pool

Pool means an underground reservoir containing a common accumulation of oil or gas or both. Each zone of a general structure that is completely separated from any other zone in the structure is a separate pool. "Common source of supply" and "reservoir" are synonymous with "pool."

Pool means the Health Insurance High Risk Pool;

Pool or "Pooling" shall mean the grouping together of Transportation Service Shippers for the purpose of netting daily and monthly imbalances.

Pool means an underground reservoir containing a common accumulation of oil or gas, or both, but does not include a gas storage reservoir. Each zone of a geological structure that is completely separated from any other zone in the same structure may contain a separate pool.

Pool means an underground reservoir containing a common accumulation of oil or gas or both; each zone of a structure which is completely separated from any other zone in the same structure is a pool, as that term is used in this chapter.

Pool means a group of Mortgage Loans, which are the security for a mortgage-backed security issued or guaranteed by an Agency.

Pool means any water receptacle designed for decorative purposes or used for swimming or as a bath or hot tub designed to accommodate more than one bather at a time.