PUMP-AND-DUMP SCHEME

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(GB):

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 Dictionary entry overview: What does pump-and-dump scheme mean? 

• PUMP-AND-DUMP SCHEME (noun)
  The noun PUMP-AND-DUMP SCHEME has 1 sense:

1. an illegal scheme for making money by manipulating stock prices; the schemer persuades other people to buy the stock and then sells it himself as soon as the price of the stock rises

  Familiarity information: PUMP-AND-DUMP SCHEME used as a noun is very rare.

 Dictionary entry details 

• PUMP-AND-DUMP SCHEME (noun)

Sense 1

Meaning:

An illegal scheme for making money by manipulating stock prices; the schemer persuades other people to buy the stock and then sells it himself as soon as the price of the stock rises

Classified under:

Nouns denoting cognitive processes and contents

Hypernyms ("pump-and-dump scheme" is a kind of...):

contrivance; dodge; stratagem (an elaborate or deceitful scheme contrived to deceive or evade)