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shipwrecked

shipwrecked
 n.— «Sometimes, said Shakofsky, the property is so contaminated that the cost of cleanup exceeds the value of the property. Such “upside down” or “shipwrecked” properties, as they’re called in the business, send land into purgatory.» —“How to turn brown into gold by using green” by Carol Lloyd San Francisco Chronicle (California) Nov. 13, 2005. (source: Double-Tongued Dictionary)

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