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 ?
New methods in disinfection and sterilization Process Agent Regulatory agency action Disinfection Ortho-phthalaldehyde FDA cleared, October 1999 (Cidex OPA) Antimicrobial coating Not FDA/EPA cleared (Surfacine) Superoxidized water Not FDA/EPA cleared (Sterilox) Sterilization Liquid sterilization Not FDA cleared process (Endoclens) Rapid readout ethylene Not FDA cleared oxide biological indicator (Attest) New plasma sterilizer FDA cleared, Jan 1999 (Sterrad 50)