Elevator Budget
A large financial budget
Example
Do you know what Kari is looking for?
She's got a pretty significant elevator budget, so she's looking for something in the $1.5 million range
Elevator budget definition by Slang.net - The Slang Dictionary
This page explains what the slang term "Elevator budget" means. The definition, example, and related terms listed above have been manually compiled and written by the Slang.net team.
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An elevator budget is a big budget, allowing you to purchase (or rent) more expensive things, such as apartments, cars, and clothes. For example, your friend may exclaim before a night out on the town, "We're living large tonight! Mama's got an elevator budget!"
Origin of elevator budget
The "elevator budget" slang term comes from the high price of apartments with elevators on the Manhattan Island of New York City. If a person can afford an apartment with an elevator, they have a higher budget than those who can only afford apartments without an elevator (where they have to walk up the stairs).