| English Dictionary |
PYRAMID SCHEME
| Pronunciation (US): |  | (GB): | |
| IPA (US): |  |
Dictionary entry overview: What does pyramid scheme mean?
• PYRAMID SCHEME (noun)
The noun PYRAMID SCHEME has 1 sense:
1. 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
Familiarity information: PYRAMID SCHEME used as a noun is very rare.
Dictionary entry details
Sense 1
Meaning:
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
Classified under:
Nouns denoting cognitive processes and contents
Hypernyms ("pyramid scheme" is a kind of...):
scheme; strategy (an elaborate and systematic plan of action)
| Learn English with... Proverbs |
"There is nothing as eloquent as a rattlesnake's tail." (Native American proverb, Navajo)
"The forest provides food to the hunter after they are exhaustingly tired." (Zimbabwean proverb)
"Better safe than sorry." (Croatian proverb)