Juridical Dictionary

This dictionary contains:
8526
juridical terms

Ponzi scheme






Ponzi scheme

A fraud in which a high rate of return is promised on investments. The first few investors receive the high rate of return from part of the investments of later victims. At no time is any actual investment made.

RELATED TERMS
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Fraud
Contracts, torts. Any trick or artifice employed by one person to induce another to fall into an error, or to detain him in it, so that he may make an agreement contrary to his interest. The fraud may consist either, first, in the misrepresentation, or, secondly, in the concealment of a material fact. Fraud, force and vexation, are odious in law.

High
This word has various signifcations: 1. Principal or chief, as high constable, high sheriff. 2. Prominent, in a bad sense, as high treason. 3. Open, not confined, as high seas.

Rate
A public valuation or assessment of every man's estate; or the ascertaining how much tax every one shall pay.

Return
Contracts, remedies. Persons who are beyond the sea are exempted from the operation of the statute of limitations of Pennsylvania, and of other states, till after a certain time has elapsed after their returning.

Receive
To receive. Voluntarily to take from another what is offered.

Time
Contracts, evidence, practice. The measure of duration., It is divided into years, months. days, hours, minutes, and seconds. It is also divided into day and night. 2) Pleading. The avertment of time is generally necessary in pleading; the rules are different, in different actions.

Actual
Real; actual.



SIMILAR TERMS
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PREVIOUS AND NEXT TERMS
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Polygarchy
A term used to express a government which is shared by several persons; as, when two brothers succeed to the throne, and reign jointly.

Polygraph
A lie-detector machine which records even the slightest variation in blood pressure, body temperature and respiration as questions are put to, and answers elicited from a subject.

Pond
A body of stagnant water; a pool.

Pone
English practice. An original writ issuing out of chancery, for the purpose of removing a plaint from an inferior court into the superior courts at Westminster. The word signifies "put;" put by gages, &c. The writ is called from the words it contained when in Latin, "Pone per vadium et salvos plegios," &c. Put by gage and safe pledges, &c.

Pontage
A contribution towards the maintenance, rebuilding or repairs of a bridge. The toll taken for this purpose also bears this name. Obsolete.

Ponzi scheme

Pool
A small lake of standing water.

Pope
The chief of the catholic religion is so called. He is a temporal prince. He is elected by certain officers called cardinals, and remains in power during life. In the 9th Collation of the Authentics it is declared the bishop of Rome hath the first place of sitting in all assemblies, and the bishop of Constantinople the second.

Pope's folly
The name of a small island, situated in the bay of Passama quoddy, which, it has been decided, is within the jurisdiction of the United States.

Popish recusants
Popish recusants or recusants. English law. Persons who refuse to make the declarations against popery, and such as promote, encourage, or profess the popish religion.

Popular action
Punishment. An action given by statute to any one who will sue for the penalty. A qui tam action.

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This dictionary contains 8526 terms.