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:
“We’ll teach you to drink deep ere you depart.”
—William Shakespeare (1564–1616)
“At a time when pimpery, lick-spittlery, and picking the public’s pocket are the order of the day—indeed, officially proclaimed as virtue—the poet must play the madcap to keep his balance. And ours.”
—Studs Terkel (b. 1912)