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 ?
Anheuser-Busch has denied the lawsuit's claims and states it has not engaged in any deceptive practices involving watering down their product.
But Children's secretary, Ed Balls said: "There is no watering down.
THE City's watchdog is being accused of "capitulation" after watering down key proposals to rein in bank pay.
We don't want to see any watering down of the rule,'' he said.