Definitions

from The American Heritage® Dictionary of the English Language, 4th Edition

  • n. A start-up company that sells stock in a public offering without specifying how the investors' money will be spent.

from Wiktionary, Creative Commons Attribution/Share-Alike License

  • n. Collective investment (such as a company or syndicate) where the investors have little or no idea what is being done.

Etymologies

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Examples

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