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Definition of Lost property
1. Noun. (British) A help desk or department in a store, mall, or other such facility where customers who have lost an item can inquire as to whether it has been found and turned in; a lost and found. ¹
2. Noun. (legal) Property that is found in such a state as to make it likely that the original owner unintentionally ceased to be in possession of the property, and would be unable to locate the property. ¹
¹ Source: wiktionary.com