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(1). A vague term at the end of a contract that seems to obligate everybody to virtually everything they can think of.
“Yeah, so … blah, blah, blah … acts of God … blah, blah, blah … full indemnity … catch-all provision at the end … here’s a pen.”
(1). A sports related term used to describe the depth of talent a company possesses, and then used again to justify bringing every single one of those people to a meeting.
“I know bringing 15 people seems a bit excessive, but I want to show that we have bench strength back at the office. I think it totally makes sense to have Kathy come! Bringing the secretary shows we’re organized in my opinion.”
(1). The lion’s share of a wealth manager’s job. Rich people can be very needy at times.
“Yeah, the meeting went fine. These folks need a lot of hand holding, you know? Hey, as long as they keep paying those fees, right?”
