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:
“Cities give not the human senses room enough. We go out daily and nightly to feed the eyes on the horizon, and require so much scope, just as we need water for our bath.”
—Ralph Waldo Emerson (1803–1882)