Name: English Tutor Nick P Noun Phrase (107) Deep Pockets
Uploaded: 2019-07-31T14:47:49.000Z
Duration: 2 min 44 s
Description: Thousands of YouTube videos with English-Chinese subtitles! Now you can learn to understand native speakers, expand your vocabulary, and improve your pronunciation...

Hi this is Tutor Nick P and  this is Noun Phrase 107. The noun phase today is deep

pockets. Okay. Let's take a look at the note here. If a person or organization

has deep pockets, it means they are wealthy or have a lot of financial

resources. Now of course . this,  this alludes to the idea that your pockets

are deep. You know could be filled with money. So a lot more money could be going

down. So if you got deep pockets that means that you must have a lot of money

or again a lot of financial resources. So it's almost a little self-explanatory.

Anyway,  let's let's continue. Let's look at some of the examples here. Example

number one. It is not easy to sue that company. They have deep pockets and can

afford the best lawyers. If your case gets prolonged you know  like extended.

You know,  anything could happen . sometimes in law cases. Or is caught up and

appeals like even if you won maybe they could appeal again or maybe you might

think that you could try to appeal again and these just tack on or add on more

and more costs. They may have the money to do that but it might be difficult

for you to do that. You get quite a bit appeals and they can afford it but you

cannot. So be careful. You might not want to try to sue somebody that has deep

pockets.  Okay. Well, le's look at number two. That

new enterprise, enterprise has attracted a lot of investors with deep pockets.

Yeah. A lot of times we hear deep pockets used with investors so investors with

deep pockets.  Investors that have a lot of money. So maybe you don't need that

many investors because these investors you know each one could offer a

significant amount of money. They have deep pockets. Okay. And number three here.

I don't think you can win a price war with that ... with your competition. They

have deep pockets  and you don't. They could easily

afford to outlast you. So sometimes with price wars that's what you do. You both

lower prices. You take lower and lower profit margins until maybe one of you

gives up. And in this case if they have a lot of deep pockets and you don't,  well

then you know they might end up winning and you may not because they could make

it last a lot longer. Okay. Anyway,  I hope you got it. I hope  it was clear. Thank you for

Subtitles ListPlay Video

English Tutor Nick P Noun Phrase (107) Deep Pockets

phrase

significant

amount

financial