- a place where illicit brokers engage in high-pressure selling, over the telephone, of securities of a highly speculative nature or of dubious value.
- any room or business where salespeople, bill collectors, solicitors for charitable donations, etc., conduct an intensive telephone campaign, especially in a fast-talking or intimidating manner.
Examples from the Web for boiler room
Historical Examples of boiler room
Neville had heard Larry's cry and rushed to the boiler-room.
In the boiler-room our exciting time was after the worst was over on shore.The Heroic Record of the British Navy
Socker, the janitor, met them at the door of the boiler-room.
Meanwhile, the smoke was pouring from the boiler-room, and the flames were brighter.
In a year little Andy had graduated to the boiler-room at two dollars a week.
- a fraudulent scheme in which investors are encouraged to buy non-existent, worthless, or over-priced shares
- (as modifier)a boiler-room scam