PUMP-AND-DUMP SCHEME

Pronunciation (US):

(GB):

 I. (noun) 

Sense 1

Meaning:

An illegal scheme for making money by manipulating stock prices; the schemer persuades other people to buy the stock and then sells it himself as soon as the price of the stock rises

Classified under:

Nouns denoting cognitive processes and contents

Hypernyms ("pump-and-dump scheme" is a kind of...):

contrivance; dodge; stratagem (an elaborate or deceitful scheme contrived to deceive or evade)

Credits