boiler room
noun [C] (also boiler shop) disapproving FINANCE, STOCK MARKETDefinition
› a small organization that illegally sells shares of very little or no value. People who work for boiler rooms use dishonest or unpleasant methods to persuade customers to buy shares: Agents infiltrated a so-called "boiler room" where illegal forex contracts were being traded.
(Definition of boiler room noun from the Cambridge Business English Dictionary
© Cambridge University Press)
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