warranty

warranty definition - business

warranty

A guarantee. For example, a manufacturer or seller may provide a warranty that a product will be repaired or replaced if it fails to work as advertised. A seller of real property includes a warranty that the title is clear. See also implied warranty, limited warranty.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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warranty or guarantee?934 months ago

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