Deep pocket is an American slang term; it usually means "extensive financial wealth or resources". It is usually used in reference to big companies or organizations (ex: the American tobacco companies have "deep pockets"), although it can be used in reference to individuals (e.g., Bill Gates, Donald Trump).
In the context of a lawsuit, the deep pocket is often the target defendant, even when the true (moral) culpability is with another party because the deep pocket has money to pay a verdict. For example, a lawyer may comment that he or she sued the manufacturer of a product rather than the seller because it is the deep pocket, meaning it has more money than the seller with which to compensate the victim.
Read more about Deep Pocket: Deep Pocket As A Slang Term, Deep Pocket in Law and Economics
Famous quotes containing the words deep and/or pocket:
“When the words rustle no more,
And the last work’s done,
When the bolt lies deep in the door,”
—James Elroy Flecker (1884–1919)
“They would have me as familiar with men’s pockets as their
gloves or their handkerchiefs; which makes much against my
manhood, if I should take from another’s pocket to put into
mine; for it is plain pocketing up of wrongs.”
—William Shakespeare (1564–1616)