Water

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Related to Adam's ale: Adam's apple

Water

In auto sales, a slang term for false equity. For example, water occurs when a car owner claims $3,000 in equity on a vehicle when she only has $1,500 in equity.
References in periodicals archive ?
Your litre of Adam's Ale will taste as wonderful as anything they drag kicking and screaming out of a volcano in New Zealand and transport across the world, leaving behind a monstrous carbon footprint.
And if there's any Yorkshire pride in you at all, you will revel in the fact that Eau De Vulcan costs 60p a litre, whereas your slurp of Adam's Ale will cost you less than 1p.