Definition of watered | Bee Dictionary of English

v supply with water, as with channels or ditches or streams
v provide with water
We watered the buffalo
v secrete or form water, as tears or saliva
My mouth watered at the prospect of a good dinner
His eyes watered
v fill with tears
s (of silk fabric) having a wavelike pattern

The explosive growth has watered down profits.
Aren't you glad that Obama watered it down and added ineffective tax cuts, so as to win bipartisan support? Entry you'll never see: With the gross domestic product declining at a .
That doesn't mean Copenhagen will come and go without a deal, but, under the pressure to get something on paper, it's possible the summit will produce a watered down agreement .

Senate leader won't weaken gun background checks
Senate Majority Leader Harry Reid says he won't accept watered-down background checks as the price for pushing gun control legislation through the Senate. The Nevada Democrat isn't getting into specifics. ...
June 14, 2013 - Associated Press via Yahoo! News
G8 to shy away from naming and shaming corporate tax avoiders: draft
By Tom Bergin LONDON (Reuters) - The G8 group of leading economies will shy away from adopting a measure aimed at curbing tax avoidance by highlighting when companies channel profits into tax havens, and will include a watered down alternative, according to a draft statement. British Prime Minister David Cameron, who is hosting the annual G8 Summit in Northern Ireland next week, has said he will ...
June 14, 2013 - Reuters via Yahoo! News
Senate majority leader says he won't accept watered-down background check in gun legislation
WASHINGTON — Senate Majority Leader Harry Reid says he won't accept watered-down background checks as the price for pushing gun control legislation through the Senate.
June 13, 2013 - Minneapolis-St. Paul Star Tribune

Dana Perino in Guardian Unlimited
She testified yesterday. Her spokesperson said that she was able to say everything she wanted to say,Perino said. "It was not watered down in terms of its science. It wasn't watered down in terms of the concerns that climate change raises...
Harry Reid in AFP
The message is so watered down, with people wanting other things in this big package that we're going to have to come back and finish that the week we get back,said Reid.
Barack Obama in International Herald Tribune
Unfortunately, instead of establishing a 21st century regulatory framework, we simply dismantled the old one, aided by a legal but corrupt bargain in which campaign money all too often shaped policy and watered down oversight,Obama said in a...