Boiler Room
Definition
An enterprise that often is operated out of inexpensive, low-rent quarters (hence the term "boiler room"), that uses high pressure sales tactics (generally over the telephone), and possibly false or misleading information to solicit generally unsophisticated investors.
Related Terms Other terms related to 'Boiler Room' starting with the letter 'B' Backwardation, Book Transfer, Broker, Bullion, Basis Point Browse by Letter » A B C D E F G H I J K L M N O P Q R S T U V W Y Z
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