Status-symbol meaning

The definition of a status symbol is a possession that is a sign of money, power, or some other mark of social status.

A new Porsche is an example of a status symbol.

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A possession considered to be an indication of one's social or economic prestige.
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A possession, practice, etc. regarded as a mark of social status, esp. high social status.
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A visible possession that is a sign of one's status or wealth.
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