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 ?
The system consists of a hand-held controller and 1 to 30 watering heads on a single water line and a single electrical circuit.
The consequence of not knowing how to adjust watering schedules, particularly in the fall and winter, costs the region billions of gallons in wasted water," Ortega said.