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.
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References in periodicals archive ?
Once the fire was finally extinguished, heavy smoke residue and water blanketed the entire facility and its interior contents, including costly production machinery that required significant lead time to replace.
Maxitherm Lite single-patient use, hyper-hypothermia water blankets are soft, lightweight, and remain pliable even at their coldest temperatures.