Definition

1. Noun:
   • A source of substantial wealth; a person or organization with significant financial resources: The term "deep pocket" refers to an entity that has a large amount of money available to spend, invest, or pay for something, such as legal costs or charitable donations. It is often used in the plural form "deep pockets."

Usage

The term is primarily used in legal, business, and financial contexts to describe individuals, corporations, or institutions that possess considerable financial means. It often implies the ability to fund large projects, withstand significant expenses, or be a target for lawsuits seeking substantial damages.

Examples

• Noun:
  • The lawsuit targeted the corporation, hoping its deep pockets would cover the massive settlement.
  • As a philanthropist with deep pockets, she funded the entire construction of the new hospital wing.
  • Startups often seek investors with deep pockets to scale their operations quickly.

Advanced Usage

• "To have deep pockets": To possess substantial financial resources.
  • The tech giant is known to have deep pockets, allowing it to acquire smaller competitors easily.
• "To go after someone's deep pockets": To target someone legally or financially because of their wealth.
  • The plaintiff's lawyer is clearly going after the company's deep pockets.

Variants and Related Words

• Deep-pocketed (adjective): Having substantial financial resources.
  • They needed a deep-pocketed investor to launch the product globally.

Synonyms

• Financier: A person concerned with the management of large amounts of money.
• Angel investor: An individual who provides capital for a business start-up.
• Cash cow: A business, investment, or product that provides a steady income or profit.

Related Phrases

• "Deep pocket defense": A legal strategy where a defendant argues that they are being sued primarily because of their perceived wealth, not because of strong evidence against them.
  • The company's lawyers filed a motion alleging a deep pocket defense.
• "Deep pocket jurisdiction": A legal concept or venue perceived as favorable to plaintiffs seeking large awards from wealthy defendants.

Noun

1. a source of substantial wealth (usually plural)
   • a patron of the arts should have deep pockets