Recent Examples of boiler room from the Web
During Piro's leadership, the Miami Division has investigated all types of fraud: Securities, insurance, health care, medicare, disaster, insurance and boiler rooms.
Olympia Resort was cited for a false alarm at 9:42 a.m. Oct. 5 when a fire alarm from a boiler room went off.
His father worked a grueling job in the boiler room at a folding-furniture factory in Granville
Professor Russell Van Wyk issued the opinion that Jahnke planted a bomb in the San Diego’s boiler room.
The tour begins in the caretaker’s cottage, which sits at the gate to the 13-acre estate and was built to camouflage a massive chimney that runs from the boiler room, dug below it by hand.
Per The Ultimo's recommendations, your best food experience might be had at the Lobal Mbassy, a 1920s boiler room inspired cafe full of energy and great spots for chatting.
Although McCoy was educated as an engineer, writes the Canadian Railway Hall of Fame, the discriminatory management of the railroad thought a black man couldn’t be an engineer, and he was hired to work in the boiler room of trains as a fireman.
His father worked a grueling job in the boiler room at a folding-furniture factory in Granville; his mother made dinners for the team.
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.
First Known Use of boiler room
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
legal Definition of boiler room
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Seen and Heard
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