Deep pocket, the Glossary
Deep pocket is an American slang term; it usually means "extensive financial wealth or resources".[1]
Table of Contents
25 relations: American English, Bill Gates, County Tipperary, Culpability, Defendant, Employment, Frivolous litigation, Guido Calabresi, Insurance, Iowa, Judgment proof, Lady Justice, Law and economics, Morality, Negligence, Product liability, Protection of Lawful Commerce in Arms Act, Risk, Risk neutral preferences, Safe harbor (law), Slang, Supply chain, Tobacco, Tort, Warren Buffett.
American English
American English (AmE), sometimes called United States English or U.S. English, is the set of varieties of the English language native to the United States.
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Bill Gates
William Henry Gates III (born October 28, 1955) is an American business magnate best known for co-founding the software company Microsoft with his childhood friend Paul Allen.
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County Tipperary
County Tipperary (Contae Thiobraid Árann) is a county in Ireland.
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Culpability
In criminal law, culpability, or being culpable, is a measure of the degree to which an agent, such as a person, can be held morally or legally responsible for action and inaction.
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Defendant
In court proceedings, a defendant is a person or object who is the party either accused of committing a crime in criminal prosecution or against whom some type of civil relief is being sought in a civil case.
Employment
Employment is a relationship between two parties regulating the provision of paid labour services.
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Frivolous litigation
Frivolous litigation is the use of legal processes with apparent disregard for the merit of one's own arguments. Deep pocket and Frivolous litigation are tort law.
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Guido Calabresi
Guido Calabresi (born October 18, 1932) is an Italian-born American jurist who serves as a senior circuit judge of the United States Court of Appeals for the Second Circuit.
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Insurance
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury.
Iowa
Iowa is a doubly landlocked state in the upper Midwestern region of the United States.
Judgment proof
In the context of contract law, debt collection and civil litigation, the term judgment proof is commonly used to refer to defendants or potential defendants who are financially insolvent, or whose income and assets cannot be obtained in satisfaction of a judgment. Deep pocket and judgment proof are tort law.
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Lady Justice
Lady Justice (Iustitia) is an allegorical personification of the moral force in judicial systems.
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Law and economics
Law and economics, or economic analysis of law, is the application of microeconomic theory to the analysis of law.
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Morality
Morality is the categorization of intentions, decisions and actions into those that are proper (right) and those that are improper (wrong).
Negligence
Negligence (Lat. negligentia) is a failure to exercise appropriate care expected to be exercised in similar circumstances. Deep pocket and Negligence are tort law.
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Product liability
Product liability is the area of law in which manufacturers, distributors, suppliers, retailers, and others who make products available to the public are held responsible for the injuries those products cause.
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Protection of Lawful Commerce in Arms Act
The Protection of Lawful Commerce in Arms Act (PLCAA) is a U.S law, passed in 2005, that protects firearms manufacturers and dealers from being held liable when crimes have been committed with their products.
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Risk
In simple terms, risk is the possibility of something bad happening.
Risk neutral preferences
In economics and finance, risk neutral preferences are preferences that are neither risk averse nor risk seeking.
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Safe harbor (law)
A safe harbor is a provision of a statute or a regulation that specifies that certain conduct will be deemed not to violate a given rule.
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Slang
A slang is a vocabulary (words, phrases, and linguistic usages) of an informal register, common in everyday conversation but avoided in formal writing.
Supply chain
A supply chain, sometimes expressed as a "supply-chain", is a complex logistics system that consists of facilities that convert raw materials into finished products and distribute them to end consumers or end customers.
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Tobacco
Tobacco is the common name of several plants in the genus Nicotiana of the family Solanaceae, and the general term for any product prepared from the cured leaves of these plants.
Tort
A tort is a civil wrong that causes a claimant to suffer loss or harm, resulting in legal liability for the person who commits the tortious act. Deep pocket and tort are tort law.
Warren Buffett
Warren Edward Buffett (born August 30, 1930) is an American businessman, investor, and philanthropist who currently serves as the chairman and CEO of Berkshire Hathaway.
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References
[1] https://en.wikipedia.org/wiki/Deep_pocket
Also known as Deep Pockets.