Mom and Pop

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Mom and Pop

1. Describing a small business, usually run by a family with few or no other employees. Prices at mom and pop businesses are usually unable to compete with large retail corporations, but they generally have a reputation for providing individualized service.

2. Describing an investor who does not invest for his/her primary income. Mom and pop investors are usually seeking to supplement their incomes or save for retirement.
References in periodicals archive ?
Such displacements of the Mom and Pop shops are happening in many developing and developed countries.
Lifestyle" shopping centers, an emerging concept in retail, are designed to attract national retailers normally found in upscale interior malls, rather than mom and pop shops that are typically found in strip malls.