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1 : not made use of, won, or claimed [ opportunity costs]
2 : unintentionally gone out of or missing from one's possession or control
3 : ruined or destroyed physically
: in an unknown physical condition or location [a ship]
Source: Merriam-Webster's Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.