Definition
› FINANCE used to talk about the amount of money that a person or an organization has for spending: come from/out of sb's pocket The cost of fixing flaws comes out of the contractor's pocket.put cash/money into sb's pockets This is significant because it puts more cash into people's pockets. He will have to dig deep into the taxpayer's pocket to finance the required investment in the country's rail infrastructure. This is beyond the pockets of most homeowners.
› a group, area, or part of something which is separate and different from what surrounds it: Outside of manufacturing, there are pockets of our economy that continue to perform well.
be in the pocket of sb/sth › to be under the control of a person, an organization, etc.: At the heart of the scandal is the suggestion that supposedly independent brokers are in the pocket of the insurers which are theoretically competing.
deep pockets › a lot of money: In this market, you need to have deep pockets. The two companies will survive any downturn because of their large market shares, strong technology, and deep pockets.
from/out of your own pocket(s) › using your own personal money, and not the money of a company or an organization: Managers have donated €80,000 from their own pockets to help the company fund its campaign.
hit sb/sth in the pocket › to make a person or an organization pay for something: The shareholders have been hit in the pocket.
line your/sb's pockets › to get richer or make someone richer, especially by acting unfairly or by being dishonest: He was not accused of lining his own pockets.
out of pocket UK FINANCE › having less money than you had previously or should have, as a result of something such as a business deal: The company is out of pocket to the tune of $18 million. The limit on his pension would be irrespective of how fast prices are rising, meaning he could be out of pocket in real terms.leave sb out of pocket Charities fear that an interruption to the lottery could leave them out of pocket. → See also out-of-pocket › US INSURANCE if you pay out of pocket for medical treatment, you pay for the cost of treatment that is not included in your insurance: According to the report, families are paying about $1,500 more out of pocket than six years ago
put your hand in your pocket › to spend money or give money to someone: The landlord insisted that the tenant should put his hand in his pocket and pay for the repairs.
(Definition of pocket noun from the Cambridge Business English Dictionary
© Cambridge University Press)
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