Boiler Room (business)
In business, the term boiler room refers to an outbound call centre selling questionable investments by telephone. It typically refers to a room where salesmen work using unfair, dishonest sales tactics, sometimes selling penny stock, private placements or committing outright stock fraud. The term carries a negative connotation, and is often used to imply high-pressure sales tactics and, sometimes, poor working conditions.
Read more about Boiler Room (business): Business Structure, Etymology, Modern Boiler Rooms
Famous quotes containing the word room:
“Among a hundred windows shining
dully in the vast side
of greater-than-palace number such-and-such
one burns
these several years, each night
as if the room within were aflame.”
—Denise Levertov (b. 1923)