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Definition of White elephant
1. Noun. A valuable possession whose upkeep is excessively expensive.
Generic synonyms: Possession
2. Noun. Albinic Indian elephant; rare and sometimes venerated in east Asia.
Definition of White elephant
1. Noun. An albino elephant. ¹
2. Noun. (idiomatic) An ornament etc that is unwanted or is a financial burden; an unprofitable investment. ¹
¹ Source: wiktionary.com