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:
“It smells like gangrene starting in a mildewed silo; it tastes like the wrath to come, and when you absorb a deep swig of it you have all the sensations of having swallowed a lighted kerosene lamp.”
—For the State of Kentucky, U.S. public relief program (1935-1943)
“It is at a fair that man can be drunk forever on liquor, love, or fights; at a fair that your front pocket can be picked by a trotting horse looking for sugar, and your hind pocket by a thief looking for his fortune.”
—E.B. (Elwyn Brooks)