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 ?
So what happened to all those mom and pop stores, Vonda wondered?
These tenants, though they are just starting to familiarize themselves with the retail market in Manhattan, will eventually be the keepers of the established Mom and Pop stores of the future.
Jack Taylor, a member of Board 6, said he's concerned the plan could be the deathknell for so-called mom and pop stores.
The first quarter of '93 brought a state of flux for retailers, and property owners saw many of their tenants, both chain stores as well as Mom and Pop stores, close their doors.