What is Water Capital. Can someone explain this?

Mr. Deniel Brockett thank you for your precious comment I appreciate your participation,,, But I have asked this question in the content of Accounting and Finance related field, because this question had asked from me during one of my interview but unfortunately I did not able to give any appropriate answer because this term is very much new from me, that's why I putted this question here to know the exact answer from experts people, but unfortunately not many people have participated in this question.

But as per my information which I have gotten later, The Term said to be "Watered Capital" when a company spend more money or their resources on such tangible asset which have less market value but company paid more then that i.e A company paid higher money to B company for acquiring its Asset, if a company pay RS.1,00,000 on account of getting asset, which if valued correctly is worth Rs.50,000 only, the capital is watered to the extent of Rs.50,000. Basically this kind of situation arise at the time of initial of the company. And also company may have to pay higher value to its promoters as preliminary expenses to initiate the company then normal.

I have not encountered this term before. That said, I can see two related interpretations for the phrase. The first refers to the physical capital used to collect, store, retrieve, salvage, improve, transport, and utilize water resources. This would embrace wells, pumps, desalination plants, pipes, water treatment plants, irrigation, and aquifers.The second would be something of a misstatement in which water is capital, a factor of production. Now, water is generally considered to be a resource, not capital. But, at the same time, water resources and the capital used to exploit them may be bought, sold and transported in much the same way as capital and in these cases may function in much the same way as capital, economically. A well-capitalized farm, for example, could be one that not only has superior equipment, but one which has used its wealth to secure greater access to irrigation. Of course, this could apply to many other industries, as water and the means to exploit it is a key factor of production in many, many industries.