The phrase "deep pockets" is a common saying that describes someone or something that has a lot of money or resources. It is spelled using the IPA phonetic transcription as /diːp ˈpɑːkɪts/. The "ee" sound in "deep" is pronounced as a long vowel sound, while the "p" and "k" sounds in "pockets" are plosives. The stress is on the first syllable "deep" and the second syllable "pock" is pronounced the same as the word "rock". Together, the spelling and IPA phonetic transcription accurately represent the pronunciation of "deep pockets."
Deep pockets is an idiomatic expression that refers to a person or entity with substantial financial resources or wealth. The term implies that the individual or organization has a significant amount of money readily available to invest or spend on various activities, projects, or endeavors.
The phrase originates from the literal meaning of having deep pockets, which suggests that one's pockets are so deep that they can hold a larger amount of money. Metaphorically, it indicates that the person or entity possesses a surplus of financial assets.
Having deep pockets implies financial stability, affluence, and the potential to support or fund significant projects or initiatives. It suggests that such individuals or entities can afford to invest in expensive ventures, contribute substantial amounts to philanthropy, engage in high-risk financial endeavors, or sustain costs associated with legal disputes.
In business, having deep pockets can confer a competitive advantage as it enables the allocation of substantial resources for marketing, research and development, acquisitions, and other strategic activities. Similarly, in politics and lobbying, candidates or organizations with deep pockets have the capacity to finance extensive campaigns and influence public opinion.
The term "deep pockets" emphasizes the financial superiority of an entity and the advantages it brings. It conveys the ability to weather financial downturns, dominate markets, or exert influence in various spheres because of the vast resources at its disposal.
The phrase "deep pockets" originated in the early 20th century in American English. It is derived from the literal meaning of "deep" to imply vastness or substantial depth and "pockets" to refer to money or wealth. The phrase figuratively describes someone's significant financial resources or ability to spend large amounts of money, often in legal or business contexts. "Deep pockets" suggests that an individual or entity has the financial means to pay substantial damages or settlements in lawsuits, making them a desirable target for legal claims.