| / English Dictionary |
PYRAMID SCHEME
| Pronunciation (US): |  | (GB): | |
I. (noun)
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)
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