Quantcast
Merriam-Webster Logo
  • Dictionary
  • Thesaurus
  • Scrabble
  • Spanish Central
  • Learner's Dictionary

pyramid scheme

noun

Simple Definition of pyramid scheme

  • : a dishonest and usually illegal business in which many people are persuaded to invest their money and the money of later investors is used to pay the people who invested first

Source: Merriam-Webster's Learner's Dictionary

Full Definition of pyramid scheme

  1. :  a usually illegal operation in which participants pay to join and profit mainly from payments made by subsequent participants

1949

First Known Use of pyramid scheme

1949

Rhymes with pyramid scheme


Seen and Heard

What made you want to look up pyramid scheme? Please tell us where you read or heard it (including the quote, if possible).

WORD OF THE DAY

to proceed clumsily or ineffectually

Get Word of the Day daily email!