Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English


pyramid scheme noun

Click to hear the US pronunciation of this word n [C] US

Definition

a way of deceiving investors (= people giving money to acompany hoping to get more back) in which money that a company receives from new customers is not invested to their advantage, but is used instead to pay debts owed to existing customers

(Definition of pyramid scheme noun from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)

Word of the Day

tenterhooks

worried or nervous about something that is going to happen

Word of the Day

Blog

Read our blog about how the English language behaves.

Learn More

New Words

Find words and meanings that have just started to be used in English, and let us know what you think of them.

Learn More