boiler room

(redirected from Boiler Shops)
Also found in: Legal, Financial, Encyclopedia.

boiler room

n.
1. An area, as in a building or on a ship, that houses one or more steam boilers or hot-water tanks.
2. Informal A room equipped with telephones for making cold calls usually involving high-pressure or fraudulent sales pitches.

boiler room

n
1. (General Engineering) any room in a building (often in the basement) that contains a boiler for central heating, etc
2. (Mechanical Engineering) the part of a steam ship that houses the boilers and furnaces
3. (Industrial Relations & HR Terms) the room or department in which the real work of an organization goes on unseen
4. (Industrial Relations & HR Terms) (chiefly US) an office used by a team of telephone salespeople, esp of stocks and shares, operating under high pressure
5. (Law)
a. a fraudulent scheme in which investors are encouraged to buy non-existent, worthless, or over-priced shares
b. (as modifier): a boiler-room scam.
6. (Stock Exchange)
a. a fraudulent scheme in which investors are encouraged to buy non-existent, worthless, or over-priced shares
b. (as modifier): a boiler-room scam.