caveat emptor


caveat emp·tor

noun \-ˈem(p)-tər, -ˌtr\

law : the principle that a person who buys something is responsible for making sure that it is in good condition, works properly, etc.

Full Definition of CAVEAT EMPTOR

:  a principle in commerce: without a warranty the buyer takes the risk

Origin of CAVEAT EMPTOR

New Latin, let the buyer beware
First Known Use: 1523

Other Business Terms

amortize, clearinghouse, divest, due diligence, emolument, green-collar, marque, overhead, perquisite

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