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 ?
Pootling along at such a sedate pace with the sound of birdsong and lapping water drowning out the engine, you feel as if you have slipped back in time, gliding under 18th Century red brick bridges and passing waterside pubs which all seem to be called The Navigation.
Dr Peter Ingram, the pathologist who carried out the postmortem said the teenager died from fresh water drowning.
Official reports leaked out to the media reveal the practice of threats with water drowning, hitting on the head, tight chaining with shackles, and imprisonment in frozen cells.