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 ?
"Even though this SOT bill has long been watered down and twisted in favor big businesses and bureaucrat-capitalists' interests, it's the long inaction and negligence of the Duterte administration toward the plight of workers that reveal its true colors," said Kabataan Partylist Rep.
Until this happens the great EU gravy train rolls on, and the supremacy of our Parliament is watered down, and the political mess successive government's have put us in will continue.
If consumers suspect they are being sold watered down alcohol he said they should ring environmental health on 01642 774774.
"And some high-level guys at the brewery level all told us that as a matter of AB corporate policy, these target brands are watered down."
The policy has taken 22 months and a lot of convincing by you and now you have a watered down version of the original plan.
The Renewable Energy Association (REA) is worried that the scheme could be watered down.
"These watered down plans send out entirely the wrong message to an industry which is already forgetting that just a matter of months ago it had to come with its begging bowl to the taxpayer," he said.
3 : to add water to <Someone watered down the punch.>
But I won't allow the proposals to be watered down so far that the end product loses all taste and value." Calling for a compromise that "must give us a reform worthy of the name", she said: "Now is the time to set our wine sector firmly on the road to new success.
In February 2006, however, the proposed law was substantially watered down in a rare parliamentary defeat for the Labour government.
Congress dashed our hopes by specifically preempting CRBs from liability under state law, and so watered down the federal remedies as to render them useless.