Summary

1911 Encyclopædia Britannica, Volume 22… (1911)

When the word came into use in English at the end of the 17th century, it seems to have been at once identified with “pool,” pond, as Fr. fiche (ficher, to fix) , a counter, was with “fish,” counters in card games often taking the form of “fish” made of mother-of-pearl, &c. “Pool,” in the sense of a common fund, has been adopted as a commercial term for a combination for the purpose of speculating in stocks and shares, the several owners of securities “pooling” them and placing them under a single control, and sharing all losses and profits.
Source: Wikisource

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