The Law Dictionary

PYRAMID SCHEME

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

A fraudulent business model where current participants are remunerated from the contributions paid by new participants and who are lured through promises of significant returns and any true product or service of value actually being delivered. See also Ponzi Scheme. … [Read more...]

PUT

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

In pleading. To confide to; to rely upon; to submit to. As in the phrase, "the said defendant puts himself upon the country;" that is, he trusts his case to the arbitrament of a jury. … [Read more...]

PUT IN

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

In practice. To place in due form before a court; to place among the records of a court. … [Read more...]

PUT OPTION

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

A type of market option contract where the owner of a commodity has an option (but not the obligation) to sell at a specified time and price. … [Read more...]

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