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 ?
The book is written in a breezy, almost gossipy style that presents all the egos, sexuality, power struggles, three-martini lunches, and, of course, the campaign stories a reader would expect.
Pete thinks elder partner Roger Sterling is a has-been--although Roger's expertise at schmoozing prospects over three-martini lunches is part of what built SCDP.
Gone is the arduous task of dealing with color separations and gone are the 'Mad Men' days of three-martini lunches and unlimited budget.