Keep being quoted as damaged (5)

I believe the answer is:

holed

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'damaged' is the definition.
Although both the answer and definition are past participle verbs, I don't understand how they can define each other.

I don't understand how the remainder of the clue works.

Can you help me to learn more?

(Other definitions for holed that I've seen before include "Likely to sink" , "Pierced side" , "Perforated" , "Like leaky vessel?" , "Punctured" .)

I've seen this clue in the Evening Standard.

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