I spend a lot of time in meetings, and I've come to recognize a few terms consistent to corporate gatherings...and, more importantly, their real meanings. So this may find itself being a regular feature here, or not (a caveat my son Aidan would probably attach), but here goes the first installment of "The Corporate Code":
When they say:
"That's my understanding."
They really mean:
"I have no goddamn idea, and as soon as this meeting's over, I'm gonna cover my ass by finding out."