Top definition
When in an accident, the total insurance cash payout is MORE than the vehicle was purchased for.

example

4500 down payment

3600 loan payments

3400 remaining on loan

insurance payout:

12,800 total
"Dude, I bought the bike for 9 grand and insurance paid me an Evil Kinevel profit of 12.5 grand when I wrecked it!"
by blackbirdblackwolf May 24, 2009
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