English Dictionary

PYRAMID SCHEME

Pronunciation (US): Play  (GB): Play

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 inplay

  Familiarity information: PYRAMID SCHEME used as a noun is very rare.


 Dictionary entry details 


PYRAMID SCHEME (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)


 Learn English with... Proverbs 
"A man needs a woman like a fish needs a bicycle." (English proverb)

"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)



ALSO IN ENGLISH DICTIONARY:


© 2000-2023 AudioEnglish.org | AudioEnglish® is a Registered Trademark | Terms of use and privacy policy
Contact