Also found in: Dictionary, Legal, Financial, Wikipedia.
1. A lot of money, or access to a lot of money. You will need deep pockets to turn this shabby old building into an attractive store.
2. One who has a lot of money. Luckily, we have an investor who is the deep pockets of our business and can fund all of this construction work.
Also, deep pockets. A source of substantial wealth or financial support, as in The college relies on the deep pocket of one particular alumna. This term alludes to money-filled pockets. [Slang; 1970s]
1. n. a good source of money. Deep pockets are hard to find since the stock market crashed.
2. n. a rich person. The lawyer went after the doctor who was the deep pockets of the organization.
Seemingly unlimited funds, a source of great wealth. Alluding to figurative pockets filled with money, the term dates from the second half of the 1900s. For example, “Lacking a large endowment, the college relied on alumni with deep pockets.” See also fat cat.