PYRAMIDING

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.

increasing rapidly and on a widening base. —DMSMH Glossary (app. 14.7.90)