Definition of Pyramid Scheme in English :

Define Pyramid Scheme in English

Pyramid Scheme meaning in English

Meaning of Pyramid Scheme in English

Pronunciation of Pyramid Scheme in English

Pyramid Scheme pronunciation in English

Pronounce Pyramid Scheme in English

Pyramid Scheme

see synonyms of pyramid scheme

Noun

1. pyramid scheme

a fraudulent scheme in which people are recruited to make payments to the person who recruited them while expecting to receive payments from the persons they recruit; when the number of new recruits fails to sustain the hierarchical payment structure the scheme collapses with most of the participants losing the money they put in

WordNet Lexical Database for English. Princeton University. 2010.


Pyramid Scheme

see synonyms of pyramid scheme
a moneymaking scheme in which revenues are derived chiefly by recruiting increasingly larger groups of new salespeople or investors, each of whom pays for the right to recruit others in turn

Webster’s New World College Dictionary, 4th Edition. Copyright © 2010 by Houghton Mifflin Harcourt. All rights reserved.


Pyramid Scheme

see synonyms of pyramid scheme
n.
A fraudulent moneymaking scheme in which early participants are paid out of money received from later recruits, with the final recruits putting money in and getting nothing back.

The American Heritage ® Dictionary of the English Language, Fifth Edition copyright ©2018 by Houghton Mifflin Harcourt Publishing Company. All rights reserved.