status symbol 
noun
A possession that is taken to indicate a person’s wealth or high social or professional status: the palace was built as a status symbol a stressful job can be a status symbol...
- Llanelly House was at the cutting edge of architectural design when it was built in 1714 and an impressive status symbol of power and wealth for the tiny fishing town.
- It was a status symbol of wealth and dignity to own a Shih Tzu.
- To Edinburgh it's a status symbol, marking it as a player in the consumer world.
- lice-ridden
- lichee
- lichen
- lichened
- lichenology
- lichenous
- Lichfield
- lichgate
- lich-house
- licht
- Lichtenstein, Roy
- -licious
- licit
- licitly
- lick
- licker
- lickerish
- lickerishly
- lickety-split
- lick hole
- licking
- lick one's lips
- lick one's lips (or chops)
- lick one's wounds
- lick (or knock or whip) someone/thing into shape