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Definitions from the Web

risk-pool

Definition:

noun: A mechanism or arrangement where a group of individuals or entities collectively contribute funds to cover potential losses or risks.

verb: To combine or merge different risks or insurance policies into a single pool to spread the potential losses.

Sample Sentences:

noun:

1. By participating in the risk-pool, small businesses can protect themselves against unforeseen events.
2. The health insurance risk pool provides coverage for individuals with pre-existing medical conditions.

verb:

1. The insurance company risk-pools various policies to ensure the overall stability of their coverage.
2. By risk-pooling their resources, the farmers were able to collectively mitigate the impact of crop failures.

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