Commodity Pool, Definition
An investment trust, syndicate, or similar form of enterprise operated for the purpose of trading commodity futures or option contracts. Typically thought of as an enterprise engaged in the business of investing the collective or “pooled” funds of multiple participants in trading commodity futures or options, where participants share in profits and losses on a pro rata basis. Similar to mutual funds in that many investors pool their assets to gain the ability to make trades that they could not make individually.