Boiler Room Definition

In business the term boiler room refers to an outbound call center selling questionable investments by telephone it usually refers to a room where salespeople work using unfair dishonest sales tactics sometimes selling penny stocks private placements or committing outright stock fraud the use of falsified and bolstered information along with verified company released information is.

Boiler room definition.

Any room in a building often in the basement that contains a boiler for central. A room in which people work very hard. A boiler room is a place or operation usually a call center where high pressure salespeople call lists of potential investors sucker lists to peddle speculative sometimes fraudulent. Meaning pronunciation translations and examples.

Boiler room definition is a room in which a boiler is located. A room equipped with telephones used for making high pressure usually fraudulent sales pitches.