boiler room
boiler room
Definition
boiler room
noun
- a room where a boiler is located
- a room with telephones in which high-pressure and often deceptive sales, solicitations, etc. are conducted
boil′er-room′ adjective
boiler room Finance Definition
A stock brokerage
firm that targets unsophisticated or otherwise vulnerable people in an attempt
to pressure them to purchase stock. The brokers that work for a boiler room use
sales tactics designed to exert significant pressure on people to make them buy
stock without any regard to whether it is a wise investment for their age, risk
tolerance, and investment goals. Brokers who work for boiler rooms may also lie
or provide misleading information in order get the sale. Generally, the stocks
that boiler room brokers sell are very risky and likely will result in
investors losing money. Boiler rooms operate out of inexpensive, obscure
locations that can be easily moved or abandoned. They generally operate outside
of the law.
Browse dictionary entries near boiler room
- boiler
- boiled oil
- Boileau
- boil down
- boil away
- boil
- Boiardo
- bohunk
- bohrium
- Bohr theory
- boiler suit
- boilermaker
- boilerplate
- boiling
- boiling point
- boing
- Boise
- boiserie
- boisterous
- BOJ
