boiler room (redirected from Boiler rooms)

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 staffed with telemarketers who use illegal or high-pressure sales tactics to sell stock, commodities, or land, for example.

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boiler room

n

1. (Engineering / General Engineering) any room in a building (often in the basement) that contains a boiler for central heating, etc.

2. (Engineering / Mechanical Engineering) the part of a steam ship that houses the boilers and furnaces

3. (Business / Industrial Relations & HR Terms) the room or department in which the real work of an organization goes on unseen

4. (Business / 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) (Economics, Accounting & Finance / 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