warranty

7 ENTRIES FOUND:

war·ran·ty

noun \ˈwr-ən-tē, ˈwär-\

: a written statement that promises the good condition of a product and states that the maker is responsible for repairing or replacing the product usually for a certain period of time after its purchase

plural war·ran·ties

Full Definition of WARRANTY

1
a :  a real covenant binding the grantor of an estate and the grantor's heirs to warrant and defend the title
b :  a collateral undertaking that a fact regarding the subject of a contract is or will be as it is expressly or by implication declared or promised to be
2
:  something that authorizes, sanctions, supports, or justifies :  warrant
3
:  a usually written guarantee of the integrity of a product and of the maker's responsibility for the repair or replacement of defective parts

Examples of WARRANTY

  1. The stereo came with a three-year warranty.
  2. <a one-year warranty for the refrigerator>

Origin of WARRANTY

Middle English warantie, from Anglo-French warantie, garantie, from warentir to warrant
First Known Use: 14th century

Other Business Terms

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

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