Definition of "water"
water1
/ˈwɔːtə/
noun
countable and uncountable, plural waters
(uncountable, dated, finance) Excess valuation of securities.
water2
/ˈwɔːtə/
verb
third-person singular simple present waters, present participle watering, simple past and past participle watered
(transitive, dated, finance) To overvalue (securities), especially through deceptive accounting.