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 ?
Last Friday, two consumers filed a proposed class action in California accusing Anheuser-Busch InBev--the world's largest brewer--of watering down its beers in order to boost profits.
The lawsuit claims that Anheuser-Busch has a policy that entails watering down their product, including Budweiser and Michelob beers, thereby rendering the alcohol content reported on the label.
If the Government is looking to encourage business growth, it should look more to positive steps they make to help support firms through advice, lending and tax breaks rather than watering down the rights of employees.
There is no economy in watering down the legislation."
Five pubs were tackled in 2009 for watering down their alcohol but only two were issued with compliance orders.