White elephant Meaning, Definition & Usage
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noun a valuable possession whose upkeep is excessively expensive
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noun albinic Indian elephant; rare and sometimes venerated in east Asia
WordNet
Definitions
(Zoöl.) , a whitish, or albino, variety of the Asiatic elephant.(b) Fig. an object of little value; esp. a property requiring expensive upkeep but of little value to the owner, and often one which is difficult to sell.