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:
“Anybody who knows the difference between the kind of conversation you have walking in the woods and the kind of conversation you have between the segments of a show on Nickelodeon can tell you that quality time exists. Quality time is when you and your child are together and keenly aware of each other. You are enjoying the same thing at the same time, even if it is just being in a room or going for a drive in the car. You are somehow in tune, even while daring to be silent together.”
—Louise Lague (20th century)