In the Medieval Ages there was a period when bakers began cheating the public at such a rate that public outcry reached the ears of several kings. As bread was a daily staple of Medieval life, the bakers knew that they could charge a lot of money for minimal portions of their products. As such, kings levied laws against bakers stating that they were to lower their pricesand keep honest. In fact the common term "A Baker's Dozen" (meaning 13 instead of 12) came from this time period. Any baker caught selling less than an even dozen was strictly and harshly punished. As a result bakers began adding one extra loaf to be certain their count would be correct or even over the amount decreed by law.
Instead of the regular baker's dozen of 13, this equals 11 based on the rationale that a baker would eat one item from his batch instead of adding an extra one to it.
"When I opened up the box of donuts I thought they forgot to put one in but really they were just giving me an Litos Baker's Dozen. Boy was I pissed!"
A Chinese Baker's Dozen is 11. This is because the chinese are known for always wanting to bargain to lower costs or number of goods even if this amount is immeasurable and/or insignificant to both parties. This is not a derogatory term but simply a unit of measurement.
Joseph: "Hey Remmi, what's the time?"
Remmi: "It's a ChineseBaker's Dozen past 6."
The opposite of a Baker's Dozen where the customer receives 13 of a product for the price of 12; in a Banker's Dozen the customer receives 11 of the product for the price of 12
Hector was surprised to find only 11 glasses in his gift of 12 glasses that he received from the bank. Later, Hector learned that the Bank offers a Banker's Dozen in their gifts and products, in which they steal one item.
The term refers to the culture of leaving work at mid-day, to go to a nearby pub and have a dozen alcoholic drinks or shots, until the evening, before leaving for home. It is also considered common-practice to put the bill on the Corporate Credit Cards.
The term originates in view of the exorbitant, careless, even behaviour usually characterised by bankers and traders, at the expense of their clients. It is also often called a Trader's Dozen.