deep pockets

deep pockets definition - business

deep pockets

Describing an organization that enjoys substantial financial resources. A lawsuit brought against a small company may include other large organizations as defendants because their deep pockets offer the possibility of a large recovery.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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