Deep Pockets is an American slang term. "It is typically used in reference to big companies or organizations (eg: the American tobacco companies have "deep pockets"), although it can be used in reference to wealthy individuals."
I thought it just meant having wealth, but that's not the case. This from Wikipedia: " Deep pocket is a concept often used in the law and economics of tort law. It refers to the idea that the risk of an activity should be borne by a person who is in a relatively good position to handle it. This can be achieved by either spreading the risk over a large number of risk-bearers (usually by means of insurance), or by imposing it on a person who is relatively risk-neutral. The latter is often assumed to be the case for wealthy individuals or large corporations, who are referred to as having "deep pockets", since their wealth will not be affected very strongly if the risk materializes. For example, a deep-pocket argument might, among other arguments, be used to justify product liability, as producers with "deep pockets" will normally be better able to accommodate the risk of damages than individual consumers not endowed with "deep pockets"
My mind is with Deep-Pocket restaurants and dining. There are lots of such "fine dining" places. Here in Niagara it is Pearl Morisette. Brian and I look forward to lunch there tomorrow. A curated eating experience!
