PYRAMIDING

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Definitions

1. speculating in securities by buying and selling stock on margin and using paper profits to buy and sell more.

2. a situation where a parent company gets control over other companies with the consequent arrangement of having a series of companies leading downward with each having controlling interest in the one below.

3. system of selling in which a company recruits individuals who purchase the right to sell its products to other individuals, who may in turn have the right to sell to more individuals, etc. This creates a pyramid effect with the originator receiving specified varying percentages of all sales made under him.