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 ?
The water boatman's metapodia are quant-like and keep swinging while it swims; counterforces between the metapodia and water push the water boatman forward or downward.
The words describing the water boatman's movements refer to human actions and efforts; "Adverse to the stream, a lonely furrow," like "against the flow," suggests the necessary contrariness of human creativity.
He has a pedigree packed with talent, including Oaks winner Bireme, Hong Kong champion Indigenous and the Adelaide Cup winner Water Boatman. But his main appeal is that he is a half-brother to Rapid Deployment.
Among top-level performers in the past decade or so, Band Gipsy (in South America), Indigenous (in Asia) and Good Faith and Water Boatman (in New Zealand) are descended from Ripeck, as is Grand National winner Bindaree.
Anchor is grand-dam of both top-class Hong Kong gelding Indigenous (by Marju) and Australian Group 1 winner Water Boatman, by Main Reef and thus closely related to Flowing Tide.