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Pyramid scheme   /pˈɪrəmɪd skim/   Listen
Pyramid scheme

noun
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.






WordNet 3.0 © 2010 Princeton University








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Words linked to "Pyramid scheme" :   strategy, scheme



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