Recent Examples of boiler room from the Web
The ship was hit by a German torpedo that plowed into the boiler room where Clevelander Louis Dobnikar, who'd joined the Navy during the Depression, was working.
For those who’ve forgotten, Belfort operated a penny-stock boiler room on New York’s Long Island called Stratton Oakmont Inc.
Ansay's proposal calls for demolishing the St. Mary's School boiler room addition, at the building's northeast corner, to create an accessible entrance and possible street-level retail space, McCain said.
The explosion engulfed the boiler room and echoed throughout the Tuscania.
One tableau features a gaunt and sooty man shoveling coal in what looks like the boiler room of a penal colony.
His father worked in the boiler room of a municipal bathhouse, and his mother in a high-school cafeteria.
Next, the guide leads everyone to the boiler room in the upper level through a zigzagging metal staircase.
These are the control valves in the boiler room at Camp North End.
These example sentences are selected automatically from various online news sources to reflect current usage of the word 'boiler room.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
Financial Definition of BOILER ROOM
What It Is
How It Works
The term came about as a result of the high pressure sales environment it creates. Most salespeople in these environments work solely on commission and many of the investment opportunities are less-than-legitimate.
The salesperson may use fake reports or documents to support claims of profits or legitimacy. During the sales call, aggressive tactics are used to intimidate and entice naïve and non-investment-savvy consumers to partake in an investment scam that may have little, if any, true value. The salespeople try to entice potential investors by promising or hinting at huge returns on their investment.
Why It Matters
If not illegal, the sales tactics that are used in boiler rooms do not conform to government regulations or fair market rules. Boiler room salespeople maximize their income by conveying one-sided, or even false, information in order to persuade as many customers as possible to invest as quickly as possible.
BOILER ROOM Defined for English Language Learners
Definition of boiler room for English Language Learners
: a room with equipment for heating a building or ship : a room in which a boiler is located
: a room with many telephones that are used by people who call strangers and use dishonest or forceful methods to try to sell them something
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