What is another word for pyramiding?4 synonyms found
Pronunciation:[ pˈɪɹɐmˌa͡ɪdɪŋ], [ pˈɪɹɐmˌaɪdɪŋ], [ p_ˈɪ_ɹ_ɐ_m_ˌaɪ_d_ɪ_ŋ]
Table of ContentsSimilar words for pyramiding:
Definition for Pyramiding:
- Used in finance to pay off one loan by taking out another loan. This continues until the whole scheme collapses and the borrower declares bankruptcy in order to relieve himself of the debt. In corporate business it involves purhasing shares and buying up small companies in order to control the major company. Using profits on paper to build a finance portfolio.