Three-Martini Lunch

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Three-Martini Lunch

A byword for an expensive lunch claimed as a tax deduction for business purposes. For example, a company may take a client out to lunch but spend more than it otherwise would because of the deduction. The presumed prevalence of three-martini lunches led to an alteration of the U.S. tax code making only half of business meals deductible.
References in periodicals archive ?
It's enough to make an executive forswear his three martini lunch.
It's not unpleasant for many, like the buzz from a three- martini lunch.
Facebook has replaced the old business methods of taking a client golfing and the three martini lunch.