Elephant, white (white elephant)

In jargon, an engagement that is so costly to maintain or operate that it is impossible to make a profit even in the foreseeable future. – The term is often used in connection with prestigious branch offices of banks, which lack nothing except customers and thus turnover. The term is used in the case of oversized prestige buildings and sometimes also in the case of a sandcastle. In the case of German institutions, however, such commitments are completely unknown. – See exclusion marking, banking power, veto right.

Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent!
University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/