boiler room

(redirected from Boiler Shop)
Also found in: Dictionary, Legal, Encyclopedia.

Boiler room

Used to describe place or operation in which unscrupulous salespeople call and try to sell people speculative, even fraudulent securities.

Boiler Room

Informal; a place where workers make unsolicited telephone calls to completely unknown persons in an attempt to convince them to invest in a particular venture. Boiler rooms are controversial and some jurisdictions have put in place laws limiting their legitimate use. In any event, the term has a negative connotation; one often hears of boiler rooms in the context of shady and perhaps illegal investments.

boiler room

An area in a sales operation in which are located personnel who are engaged in contacting prospective buyers, usually by telephone, and in using high-pressure tactics to sell securities. These operations are associated with high commissions and unethical practices.

Boiler room.

A boiler room is a location used by con artists to contact potential victims out-of-the-blue -- an approach known as cold calling -- in an attempt to sell high-risk investments that may or may not be legitimate.

Boiler room scammers typically use high-pressure tactics to close an immediate sale and are unwilling to provide written information about either the investment they are pushing or themselves.

boiler room

A lead-generating system usually characterized by large groups of people working in cubicles making cold calls to consumers in order to gauge interest in real estate investments,insurance products, refinance offers, or any number of other products.The leads are then sold to professionals for follow-up. Sometimes,the boiler room operation also engages in high-pressure sales techniques, which has lead many states to pass legislation allowing a cooling off period within which to reject and void any contracts entered into as a result of such tactics.

References in periodicals archive ?
Tickets for Saturday |have already sold out but tickets for the sessions on Friday and Sunday, at the Boiler Shop in Stephenson's works, behind Newcastle Central Station, may still be available from www.
Contract award: acquisition and implementation of technical means of production for the boiler shop of bourges site dga tt.
The architects joined together to sponsor the event at The Boiler Shop historic building in the Stephenson Quarter, Newcastle.
The venue is the latest venture from one of the region's bestknown breweries, which has also played a central role in establishing the monthly Boiler Shop Steamer events which take place in the city centre.
In a boiler shop, installation of a boiler set and auxiliary equipment is underway.
He is expecting 4000 connoisseurs of the amber nectar at the three-day festival at the Boiler Shop in Stephenson's Works, Newcastle, which started yesterday.
Nick Pride and the Pimptones have notched up support spots with Candi Staton and barnstorming shows at the Boiler Shop and fly the flag for North East funk across the UK and Europe.
The venue is the latest venture from the brewery, which has also played a central role in establishing the monthly Boiler Shop Steamer events in the city centre.
By Simon THE Creative Space Management team at Toffee Factory have united with Riley's Fish Shack of Newcastle's Boiler Shop Steamer, and Nik Barrera, director of the Vamos Festival, to co-ordinate a vibrant three-day festival of music, food and Mardi Gras merriment on the banks of the Tyne later this month.
Contract notice: Acquisition and implementation of technical means of production for the boiler shop site bourges dga tt
The beer was launched over the summer and is already a fixture behind the bars of Newcastle pubs including The Boiler Shop Steamer, The Bridge Tavern, Tokyo, The Town Wall, and MSA.