PYRAMIDING

pyramiding

(noun) a fraudulent business practice involving some form of pyramid scheme e.g., the chain of distribution is artificially expanded by an excessive number of distributors selling to other distributors at progressively higher wholesale prices until retail prices are unnecessarily inflated

Source: WordNet® 3.1


Etymology

Noun

pyramiding (uncountable)

The practice of an athlete progressively increasing the dosage of an illicit drug to a maximum, and then progressively lowering it, between competitions so as to reduce the chances of being caught.

A shell deformity in captive turtles, leading to a pyramid shape underlying each scute.

A form of tax evasion in which an employer that withholds payroll taxes from employees intentionally fails to remit those withholdings to the taxing authority, often then filing for bankruptcy to repeat the fraud under a new name.

(finance) synonym of pyramid trading

Verb

pyramiding

present participle of pyramid

Source: Wiktionary


PYRAMID

Pyr"a*mid, n. Etym: [L. pyramis, -idis, fr. Gr. pyramide.]

1. A solid body standing on a triangular, square, or polygonal base, and terminating in a point at the top; especially, a structure or edifice of this shape.

2. (Geom.)

Definition: A solid figure contained by a plane rectilineal figure as base and several triangles which have a common vertex and whose bases are sides of the base.

3. pl. (Billiards)

Definition: The game of pool in which the balls are placed in the form of a triangle at spot. [Eng.] Altitude of a pyramid (Geom.), the perpendicular distance from the vertex to the plane of the base.

– Axis of a pyramid (Geom.), a straight line drawn from the vertex to the center of the base.

– Earth pyramid. (Geol.) See Earth pillars, under Earth.

– Right pyramid (Geom.) a pyramid whose axis is perpendicular to the base.

Source: Webster’s Unabridged Dictionary 1913 Edition



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Word of the Day

30 November 2024

HYPOTHETICAL

(noun) a hypothetical possibility, circumstance, statement, proposal, situation, etc.; “consider the following, just as a hypothetical”


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Coffee Trivia

In 1511, leaders in Mecca believed coffee stimulated radical thinking and outlawed the drink. In 1524, the leaders overturned that order, and people could drink coffee again.

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