English dictionary
pyramid scheme meaning and definition
Definition and meaning of pyramid scheme at MeaningMonkey.org. pyramid scheme meaning and definition in the English Dictionary.PYRAMID SCHEME noun
Definition of pyramid scheme (noun)
- 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
Source: Princeton University Wordnet