pyramid

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Pyramid

1. To use unrealized profits from margin transactions to increase one's margin. That is, one uses unrealized profits as collateral on a margin account in order to borrow more money from a brokerage to buy more securities.

2. To borrow to expand a company's operations.

3. See: Ponzi Scheme.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

pyramid

A classic investment fraud in which the operator pays promised high returns to current investors from the contributions made by new investors. Thus, funds are never invested in any productive assets but are simply paid out as a return to existing owners. The operator must continue to attract more and more investors in order to pay a return to those who have already committed their funds. Also called Ponzi scheme.

pyramid

To use profits derived from a profitable security position in combination with borrowed money in order to acquire an even larger investment position. Pyramiding, which is very risky, allows an investor the possibility of greater profits by using a given amount of funds to control the maximum amount of securities.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
Like AllianceBernstein and Pyramis, Harrison Street is a bottom-up investor, building portfolios stock by stock.
Pyramis and HeartCentrix improve patient care, maximize workflow, and seamlessly integrate Burdick/Quinton devices with EMR applications.
Pyramis Global Advisors Trust Company Michael Jones
Mahoney, an industry veteran with over 30 years of experience in investment and advisory roles for institutions, pensions, non-for-profit, foundations and endowments, previously was SVP at Pyramis Global Advisors, responsible for business development and client service for Taft-Hartley clients.
Pyramis and HeartCentrix improve patient care; maximize workflow; seamlessly integrate Burdick/Quinton devices with EMR applications.
Spacelabs Medical, Redmond Wash., and Micro Medical Systems, Sioux Falls, S.D., announced a strategic partnership to merge Spacelabs Burdick Pyramis ECG management system with Micro Medical's CardioNet Cardiology Information System, SpaceLabs says.
Fidelity's Pyramis Global Advisors Trust Company in Merrimack happens to be biggest trust company regulated by the state in terms of assets, with some $85 billion held in trust in 2011.