American Heritage® Dictionary of the English Language, Fourth Edition
- n. An investment swindle in which high profits are promised from fictitious sources and early investors are paid off with funds raised from later ones.
- n. A Ponzi scam.
- From Charles Ponzi, who famously conducted a pyramid scheme in North America in the early twentieth century. (Wiktionary)
- After Charles Ponzi (1882?-1949), Italian-born speculator who organized such a scheme (1919-1920). (American Heritage® Dictionary of the English Language, Fourth Edition)
Sorry, no example sentences found.
These user-created lists contain the word ‘Ponzi scheme’.
A selection of words and phrases that entered the language between 1920 and 1929. Primary sources for this list are:
There's a Word For It by Sol Steinmetz (2010, Harmony Books, New Y...
Looking for tweets for Ponzi scheme.