Water hazard
From Freepedia
Water hazards, like bunkers, are designed to add both visual interest and difficulty to a golf course. Water hazards are typically either streams or ponds, situated between the tee-off and the hole. A player who hits a ball into a water hazard may choose to play the next stroke from where the ball comes to rest within the hazard. In leiu of this option, for example, if a ball is "lost" in the hazard, the player may play a new ball either from where the lost ball entered the hazard, or from the spot where the previous stroke was made. However, both of these options incur a one point penalty.
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