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:
“I have always suspected that too much knowledge is a dangerous thing. It is a boon to people who don’t have deep feelings; their pleasure comes from what they know about things, and their pride from showing off what they know. But this only emphasizes the difference between the artist and the scholar.”
—Margaret Anderson (1886–1973)
“A lot of pop music is about stealing pocket money from children.”
—Ian Anderson (b. 1947)