ALL meanings of pyramid scheme
pyr·a·mid scheme
P p - noun pyramid scheme pyramid (def 8). 1
- uncountable noun pyramid scheme A Pyramid scheme is a method of selling in which one person buys a supply of a particular product directly from the manufacturer and then sells it to a number of other people at an increased price. These people sell it on to others in a similar way, but eventually the final buyers are only able to sell the product for less than they paid for it. 0
- noun pyramid scheme a moneymaking scheme in which revenues are derived chiefly by recruiting increasingly larger groups of new salespeople or investors, each of whom pays for the right to recruit others in turn 0