1 definition by blackbirdblackwolf
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
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