(1). A term used to describe established, non-negotiable beliefs and practices that your firm stands for. Not stakes that you keep on your kitchen table in case of unexpected vampire attacks.
“We have to throw these down as our table stakes, guys. If they don’t like it then they’ll have to find another wacky waving inflatable arm-flailing tubeman distributor. While we certainly stand for fun, low-balling us on shipping rates is no laughing matter!”
(1). A term generally used when providing negative feedback intended to imply that a particular empolyee is lazy or takes an inordinate amount of time to complete tasks. Over-caffeinated junior stockbrokers often use the term to describe the pace of action by other, non-commission-based areas of the firm (e.g. operations), implying that only they are truly providing adequate service to their clients (when, in actuality, all they really care about is getting paid faster).
“Hi Jim, it’s Pierce. Hope you’re doing well. Just wanted to check in on the hold-up with the Altman account. You know this is a really important client to the firm and I just don’t think you’re showing the same sense of urgency we are about getting this account open. Now, I understand today is Christmas, but…”