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 classic literature ?
Picking her up in his strong arms, he bore her swiftly to the side of one of the many brooks which watered the vale.
The commerce of the German empire[2] is in continual trammels from the multiplicity of the duties which the several princes and states exact upon the merchandises passing through their territories, by means of which the fine streams and navigable rivers with which Germany is so happily watered are rendered almost useless.
Providence has in a particular manner blessed it with a variety of soils and productions, and watered it with innumerable streams, for the delight and accommodation of its inhabitants.
This fertile territory is watered by numerous small rivers and limpid streams, mostly tributaries of the Godavery.