Editing Pooling (resource management) (section)

==Finance==
Pooling is the grouping together of assets, and related strategies for minimizing risk. For example:
*[[Asset-backed security|Asset-backed securities]] (ABS) is a security whose income payments are backed by a specified pool of underlying assets. 
*[[Mortgage-backed security|Mortgage-backed securities]] (MBS) is a type of [[asset-backed security]] whereas the underlying assets are mortgages.

Debt instruments with similar characteristics can be pooled into a new security, for example:
*[[Collateralized debt obligation]]s (CDO) is a type of [[structured]] [[asset-backed security]] (ABS).
*[[Collateralized mortgage obligation]]s (CMO) is a type of complex debt security that repackages and directs the payments of principal and interest from a collateral pool to different types and maturities of securities, thereby meeting investor needs.

In general, pooling different assets or debt-like obligations into a new security is called [[securitization]], a practice commonly used by [[structured finance]].
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