The Law Dictionary

Featuring Black’s Law Dictionary Free Online Legal Dictionary 2nd Ed.

What is 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.

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