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What is a “Fully Depreciated” Woman?
The Terminology You’ll Need to Understand to be in on the Joke
The complete Jeffrey Epstein “Birthday Book” has been released to the House Oversight Committee, and the public is starting to see bits and pieces. Most of the focus has been on the letter from Donald Trump to Epstein, one that Trump denied having existed or that he signed. A second letter and picture are gaining notoriety, one sent by real estate mogul Joel Pashcow, a longtime member of Trump’s Mar-a-Lago Club.
The photo shows Trump, Pashcow, and Epstein, holding an oversized mock check from Trump to Epstein for $22,500 to purchase an unidentified, “Fully depreciated” woman whose name and image were redacted. I am hopeful but not certain that Trump didn’t actually buy the woman in question. He’s certainly paid more after the fact to keep his sexual encounters private, $150,000 to Karen McDougal, and $130,000 to Stormy Daniels. Trump donated $25,000 to Pam Bondi’s campaign for re-election as Florida attorney general. Bondi, coincidentally, failed to join New York state in a lawsuit against Trump University around the same time. I’m less intrigued by the possible transaction than I am by the term “fully depreciated” woman. Here's what you need to understand to see what the three men found so funny.

