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 ?
A source said: 'The spat with Eric is water under the bridge and they have a good laugh about it now.
One attempt at pathos - a reconciliation between two characters at the end of the movie's very long day - is just plain unconvincing, simply because there's too much water under the bridge.
The band members (accompanied here by seminal soul outfit Booker T & the MG's) have enough water under the bridge to simply go with the flow.
The Saints boss said: "Chris has worked hard and I think everything that was said before is water under the bridge.
Despite this, Carol has decided it is now water under the bridge and she will appear on the quiz on Sunday.
With so much cultural water under the bridge, I'm not sure you'd pull off a hip Muppet show now,'' Thompson suggests.