Percy, who’s Queen?

The Jolly Contrarian’s Glossary The snippy guide to financial services lingo.™ →Go uptown Frisbee as a metaphor for sovereign immunity Index — Click the ᐅ to expand: Glossary Tell me more Sign up for our newsletter — or just get in touch: for ½ a weekly 🍺 you get to consult JC. Ask about it here.

Percy and Queenie are playing frisbee. Queenie throws.

Percy (catching the Frisbee): Howzat!

Queenie: Percy, who’s Queen?

Percy (drops the Frisbee): Oh! Butterfingers!

The very worst reason for agreeing to a counterparty’s demand, but one which is all too often the chief motivating factor, particularly of Sales and their glad-handing lightweight counterparts in senior relationship management.

Also, the intellectual grounding for sovereign immunity.

See also

• All our other counterparties have agreed this
• Sovereign immunity