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English definition of “dead wood”

dead wood

noun [U] ( US usually deadwood)    
people or things that are no longer useful or effective : We think that 76% of all retail money is invested in funds which are effectively dead wood .get rid of/clear out the dead wood If the company is to improve its performance , it needs to take this opportunity to get rid of some of the deadwood.
(Definition of dead wood noun from the Cambridge Business English Dictionary © Cambridge University Press)
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