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 ?
Thus people are buying, water-melons, mango , melon and strawberries.
Several vendors running businesses of water-melons were completed removed, which triggered resistance and shopkeepers threatened to resist the anti-encroachment drive and road blockade.
Researchers from Finland were investigating the impact of lycopene, a bright red chemical found in tomatoes, peppers and water-melons, BBC health reported.