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 ?
Officers from the county council check for watered down drinks and cheap products incorrectly labelled as more expensive brands during routine visits to licensed premises.
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.
Closer inspection reveals that this edition is some 50 pages shorter than its predecessor: Index and Contents have been omitted, there are fewer illustrations (most of them smaller and greyer than before) and Perriand's text has been much pruned and abbreviated, so the thrust of her words is frequently watered down, altered or lost.
Evolution instruction was watered down after a campaign led by the Discovery Institute, a neo-creationist group that rejects evolution.
Another measure of the degree to which high-school academic courses have been watered down is provided by achievement scores in districts and schools where more children are raking academic courses.
The more onerous proposals that had been floating around in the press, such as more clearly defined "management responsibility," stricter treatment of deferred tax assets and "nationalization" appeared to have been significantly watered down.
THERE is no evidence to support claims that A-levels have been watered down, despite a long run of increasing pass rates, school standards minister David Miliband insisted today.
That this ancient wisdom speaks to Internet-surfing, city-dwelling women and men of the 21st century is a testament to the power of its timeless truths--although unfortunately the popularity of the Celtic spirituality "craze" has sometimes watered down or trivialized it.
Most of these measures were subsequently reversed or watered down as a result of well-connected lobbies throwing their rattles out of the pram.
Average return in precious metals was watered down due to lower relative performance compared to base metals, except for Silver, which outshined all the precious metals at a return of about 46%.