British slang term given to the twenty pound note. Taken from "Land of Hope and Glory", the composer of which, Sir Edward Elgar, is depicted on the back of the note. Also, since it is worth a lot of honk, gives the owner 'hope and glory'.
What's that you've got there in your paddle? A hope and glory?! You're giving a hope and glory for that service?
by Kiwi Peeps January 28, 2011