Business Endurance

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August 25, 2024 3 min read Definitions
Deep Pockets: Seemingly Inexhaustible Financial Resources
Finance Law Financial Resources Litigation Business Endurance Negative Cash Flow Wealth
The term 'deep pockets' refers to seemingly inexhaustible financial resources, allowing an individual or organization to remain in business even after a prolonged period of negative cash flow. It is also frequently used in litigation to describe the party with the financial ability to pay a claim.
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