boiler room
boil·er room n: a room equipped with telephones used for making high-pressure usu. fraudulent sales pitches

Merriam-Webster’s Dictionary of Law. . 1996.

boiler room
A telephone bank operation in which fast-talking telemarketers or campaigners attempt to sell stock, services, goods, or candidates. Such operations, especially securities sales, are often fraudulent and illegal.
Category: Business, LLCs & Corporations

Nolo’s Plain-English Law Dictionary. . 2009.

boiler room
n.
   a telephone bank operation in which fast-talking telemarketers or campaigners attempt to sell stock, services, goods, or candidates and act as if they are calling from an established company or brokerage. Often the telemarketers are totally fraudulent and in violation of security laws.

Law dictionary. . 2013.

Look at other dictionaries:

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  • boiler room — n 1.) a room in a large building where the building s boiler is 2.) AmE informal a room or office where people sell ↑shares or services on the telephone, using unfair and sometimes dishonest methods …   Dictionary of contemporary English

  • boiler room — boiler room, adj. 1. a room in a building, ship, etc., that houses one or more steam boilers. 2. Slang. a. a place where illicit brokers engage in high pressure selling, over the telephone, of securities of a highly speculative nature or of… …   Universalium

  • Boiler room — * A boiler room is a room where a boiler is kept, it may also refer to:* Boiler room (building), building s mechanical room * Boiler room (ship), ship s engine room * Boiler room (business), telemarketing company * Boiler Room (film) * The Boiler …   Wikipedia

  • boiler room — Used to describe place or operation in which unscrupulous salespeople call and try to sell people speculative, even fraudulent securities. Bloomberg Financial Dictionary * * * boiler room ˈboiler room also ˈboiler shop noun [countable] FINANCE an …   Financial and business terms

  • Boiler Room — Filmdaten Deutscher Titel: Risiko – Der schnellste Weg zum Reichtum Originaltitel: Boiler Room Produktionsland: USA Erscheinungsjahr: 2000 Länge: 120 Minuten Originalsprache: Englisch …   Deutsch Wikipedia

  • Boiler Room — A place where high pressure salespeople use banks of telephones to call lists of potential investors (known as a sucker lists ) in order to peddle speculative, even fraudulent, securities. A boiler room is called as such because of the high… …   Investment dictionary

  • boiler room — UK [ˈbɔɪlə ˌruːm] / US [ˈbɔɪlərum] noun Word forms boiler room : singular boiler room plural boiler rooms 1) an area or room that contains one or more boilers for producing power or hot water 2) informal a room from which people try to sell… …   English dictionary

  • boiler room — n. A room set up as a telemarketing operation, but used to run scams, such as selling fake jewelry or stocks. Example Citation: Here s how it works: A marketing service sends junk mail, including information on a Canadian lottery, to Americans,… …   New words

  • boiler room —    an operation for the unscrupulous selling of securities    Punning on the intense heat applied. Also as boiler house or shop:     ... an ex con called Sidney Coe who had time for a boiler room operation in Kansas City. (Sanders, 1990 Sidney… …   How not to say what you mean: A dictionary of euphemisms

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