Definition of boiler room

boiler roomnoun

phòng nồi hơi

/ˈbɔɪlə ruːm//ˈbɔɪlər ruːm/

The term "boiler room" was originally used in the 1920s to describe the steam-powered engines that generated electricity and heat in large buildings. These boiler rooms were filled with major machinery, including large, noisy steam boilers, which were necessary to produce the high-pressure steam needed to operate turbines and generators that powered the building's services. However, in the 1980s, another use for the term "boiler room" emerged. In this context, it's used to refer to a small, overcrowded, often cramped sales office where financial scammers persuade people to invest their money in fraudulent or high-risk investment opportunities by using high-pressure sales tactics and unsolicited phone calls. These boiler rooms are also often staffed by salespeople working on commission, known as "boiler room salesmen," who seek to persuade potential investors into making quick, ill-considered decisions.

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a room in a building or ship containing the boiler

một căn phòng trong tòa nhà hoặc tàu có chứa nồi hơi

a room or office used by people using phones to sell something, especially shares, in an aggressive or a dishonest way

một căn phòng hoặc văn phòng được những người sử dụng điện thoại để bán thứ gì đó, đặc biệt là cổ phiếu, theo cách hung hăng hoặc không trung thực