Water

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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 ?
Be entertained by the Brothers Grimm-based story, ``The Water of Life,'' at 7 p.
Yesterday, Campbell Evans, of the Scottish Whisky Association, said' Whisky was named by the Gaels as the water of life and well deserves its name.
But the men who make and sell the water of life say it's OK to mix it with fizzy drinks.