What is an English word for this group action?
Hello,
What is the English word for this action? When a group of people, like employees, say 10 people, gather a specific amount of money, say $500 a month, from each person. There is an admin for this process. Each month, one person takes the whole money gathered, $5000 here. It rotates to all the 10 people in 10 months until the cycle ends. We have an Arabic word for this action, Jamaeeyah, that I don't know its counterpart in English. Thank you in advance.
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Answers · 7
1
usually it's referred to as pool/money pool...in other words you could probably call it as: Collection...not ideal but that's the action here anyway..
1
It is called a money pool. Or an office pool. Someone may have a better term for it, but that is how I refer to it.
1
Could be "pooling the money" or a "money pool"
0
I've never heard of anything like that, so there probably isn't one.
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